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Taxation of a coaching institute

This query is : Resolved 

23 January 2013 If a coaching Institute is operating under a Sole Proprietorship, Are any Income Tax Exemptions available?

23 January 2013 Deductions & exemptions as per Individual income and expenses on professional work allowed

23 January 2013 Can you please elaborate.


23 January 2013 For running a coaching center your income is taxable under the Head Income from professions and you can claim the expenses incase any thing is for running coaching center and after arriving the Total income normal deduction under chpater VI-A like 80C,80D,80DD,80DDB,80G are available



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