a school which is recognised by school board of AP and which receives funds USA is taxable or not.
1 Replies
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 04 July 2009
Mr.Vijay Kumar
If the school (you have to acertain whether it is trust, society or any other body) is registered u/s 10(23C), the income of the school is exempted.
With Best Wishes
Sathikonda
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