Under which head income from college fee and membership fee recd by education institution will be shown who is claiming exemption u/s 10
PGBP or IOS???
3 Replies
Abhisek Rungta
(PRACTISING CHARTERED ACCOUNTANT)
(234 Points)
Replied 18 February 2013
it will be taxed under the head PGPB
vaibhav
(CA & CS)
(577 Points)
Replied 21 February 2013
Income of the said educational institution will be covered under the Business & Profession head.
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