20 August 2018
one of my client is running educational institution under trust, but PAN card is registered under AOP. AOP is paying salary to one of its member. Total receipt is less then 1 crore. MY QUERIES ARE -whether aop is eligible for exemption u/s 10(23c). -if yes, then what to do for claiming exemption -as salary paid to member of aop is disallowed, then profit after diasslowance of salary is exempt or before disallowance.
22 August 2018
Return for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) are required to be filed under form itr-7, and fund or institution or university or other educational institution or any hospital or other medical institution referred to in sub-clauses (iiiab), (iiiac), (iiiad), (iiiae), (iv), (v), (vi) or (via) of the clause (23C) of section 10 comes under sec 139(4C)
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