04 September 2013
Hello sir/madam, Any exemption to the religious institution from payment of tax or filing return of income under section 10 , which is run not for profit ? If yes then under which subsection and whether registeration is mandatory for the institution? Please reply soon.this is urgent. Thank you so much .
04 September 2013
Refer sec 11 and 12 and sec 139 it says if the income of trust does not exceeds the basic exemption limit then no need to file return of income.