03 June 2008
In case of a society not registered u/s 12 A- 1. Will it be assessed as APO, shares of whose members is indeterminate. 2. The return form to be used is ITR 5 or 7 3. Suppose the society has received voluntary contributions worth Rs 2 laks and spent Rs 1.80 lakh for charitable purpose, then whether Rs 20,000 would be chargeable to tax and if yes whether would it be chargeable at MMR.
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