25 November 2017
If he wants to take profit from the school for his benefit then run the school in his own name and pay applicable taxes. Tax not applicable on school run with no profit motive under society/trust.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
25 November 2017
So if he needs to take profit then what are the legal requirements for that... how to register a school i mean to say do he need to take pan no of school or gst no or something else
25 November 2017
CBSE affilation not available for individual run school. https://www.google.co.in/url?sa=t&source=web&rct=j&url=http://cbseaff.nic.in/cbse_aff/Affidavit/Sample%2520Affidavit.docx&ved=0ahUKEwi8ufymrNnXAhVDm5QKHQtnBdYQFgg8MAI&usg=AOvVaw0hci3NSfZw5MYvS1AIa_7x
Querist :
Anonymous
Querist :
Anonymous
(Querist)
25 November 2017
So that pan no will be on school name and not on the name of the owner who is running this school ... then Pan application will be based on Firm or something else sir