audit of school registered as AOP
CA PARUL KHATANA (Self practice at KHATANA & ASSOCIATES) (118 Points)
23 July 2018Sec 35D requires audit with form 3AE in case exp. are written off.
My question is whether such applicability is there on school?
CA PARUL KHATANA (Self practice at KHATANA & ASSOCIATES) (118 Points)
23 July 2018
CA Amrita Chattopadhyay
(Audit & Assurance)
(13134 Points)
Replied 23 July 2018
Income Tax requirement would be applicable to any person. The AOP is considered to be person under the Income Tax Act. Thus it would be applicable.
CA PARUL KHATANA
(Self practice at KHATANA & ASSOCIATES)
(118 Points)
Replied 23 July 2018
Sudeep Gehlot
(81 Points)
Replied 08 August 2018
Can school be really registered as AOP? As far as I know school can be registered only as a society, or as a trust or under section 8 of the companies act 2013.
Live class on PF & ESI Enrollment & Returns Filing(with recording)