jagjeet (salaried) (62 Points)
06 March 2010Dear Sir/Mam,
Goodmorning.
I am working in an newly establised educationl institution.I want to know Tax liabilities & accounting structure of educational institution.what are the provisions of income tax act for the assessment year 2010-11 regarding educational institutions ?
Thanks&Regards,
Jagjeet Singh
JAGJEET
Amir
(Learner)
(4016 Points)
Replied 06 March 2010
Dear Jageet,
The driving factors to determine would be the -
1) Legal charecter of the institute - Sole Properietorship, Firm, Society, Trust,etc
2) Whether registered u/s 12AA or not (if charitable)
3) Whether registerred u/s 10 (if university, college, etc)
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