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section 10(23A)

Mohak (student) (54 Points)

11 September 2018

How can a coaching centre claim exemption under this section if it provides and educates regading laws of the land?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176815 Points)
Replied 12 September 2018

Coaching centres not eligible for its exemption.

Any income (other than income from house property and income from rendering any specific service or income by way of interest or dividend on investment) of an professional institution/association is exempt from tax, if the following conditions are satisfied:

1) Professional institution is established in India for the purpose of control, supervision, regulation or encouragement of the profession of law, medicine, accountancy, engineering or architecture or such other notified profession.

2) The institution applies its income, or accumulates it for application, solely to the objects for which it is established.

3) The institution is approved by the Central Government by general or special order.

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Mohak (student) (54 Points)
Replied 12 September 2018

Thankyou for your kind reply sir - Dhirajlal
But private coaching centre being an encouragement of the profession of Law could fall under such criteria for exemption. Any better suggestion on this is appreciable.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176815 Points)
Replied 12 September 2018

Generally, institutes like state bar councils are eligible for exemption under the section.

But if you have basic ground, you may apply with your Jurisdictional IT Commissioner for grant of approval.

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M. Venkatraman (Chennai ) (84 Points)
Replied 14 September 2018

Sir I have a Doubt Lease Agreement is Being Also Used For Sum Tax Purposes or Not

vaisakh.m.s (AUDITING) (22 Points)
Replied 14 November 2018

Sir one doubt in the case chartered accounts of India branches this Sec.10(23a) applicable ? Another doubt what is "special services" means in this section..