10(23C)iiiad Aggregate Annual Receipts
Santhosh Kumar (2 Points)
31 July 2022
Does Loan from bank for construction of buildings included in annual receipts.
Santhosh Kumar (2 Points)
31 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171444 Points)
Replied 31 July 2022
Annual receipt has not defined in the Act.
So Annual receipt should mean all the various fees and charges collected by the Educational Institution. It can also include all the receipts from donations.
But loan/s would not form part of annual receipts.
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