Easy Office
LCI Learning

taxability of income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 November 2009 A society is running an educational instituion (school) .Its annual receipts comes to Rs. 25.00 lacs. What are the provisions of income tax applicable to the society.
Profile Image

Rakesh Khanna

Profile Image

Rakesh Khanna (Expert)
16 June 2010 Income of the society will be exempt under Section 10(23C) as it is below rupees one crore.

Please refer to the section for details.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links