Fees received by educational institute

ITR 368 views 2 replies

IF AN EDUCATIONAL INSTITUTE RECEIVES FEES FROM IT'S STUDENTS, THEN WHERE SUCH FEES IS TO BE SHOWN IN ITR-7?

Replies (2)

IT IS UNDER BUSINESS & PROFESSION
 

it is a PGBP Income as per section 28 of the IT Act.

 

https://knowyourtaxation.blogspot.in/


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