Sir
We registered under Rajasthan Society Act 1958 as education society.
Annual gross receipt rs. 35 lacs
We didn't register any other section. Like 12AA
Can we claim deduction under section 11or 10(23)(iiib)
Please guide me
Section 10(23C)(iiiad) provides that the income earned by any university or educational institution existing solely for educational purposes and not for the purposes of profit shall be exempt from tax if the aggregate annual receipts of such university or educational institution do not exceed Rs. 1 crore.
Soo yes, you are eligible under sec10(23C) (iiiad)
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