a school which is recognised by school board of AP and which receives funds USA is taxable or not.
CA Vijay Kumar Walande (Expert) (515 Points)
02 July 2009a school which is recognised by school board of AP and which receives funds USA is taxable or not.
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
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
