One of my client is running a trust. They are providing SAP training courses to students at a concessional rates. Client want to claim exemption u/s. 10(23C) iiiad. Is it necessary to make any application to Income tax dept. to treat it as a educational institution. Or they can directly claim exemption while filing ITR as receipts are less than Rs. 1 Crs.
25 September 2021
No, they cannot directly claim any deduction. As per Rule 2C, an application is to be made to Commissioner on prescribed form for grant of permission.
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