Is need to file income tax returns

540 views 3 replies

we registar one educational society in Hyderabad 1993- 1994

in the name of Vikas Siskha Samithi

Under this society we have 4 colleges

our turnver each college 15,00,000/-

we are not filing income tax returns is need to file income tax retuns and is there any exemptions on educational institutes.

we not apply for any exempetions from income tax department.

1. Is any exemption is applicable. 

2. How to get exemption cetificate.

 

Replies (3)
Well i think u need to file a return as per d rqrmnt of d section 139(4D) and also u need to get ur accounts audited cz ur income exceeds the maximum amount not chargeable to tax before allowing exemptions. Please correct me if m wrong. Cz m nt sure.

Yes, sir u need to file the return.

 

Agreed with Mr. Roopak...............

Yes agreed with above two opinon

 

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