if the society is not registered under the section 12A and it only registered under the society act, than please tell me in which ITR the return of income will be filed of that society. in both the case:
1. when the society worked to help the poor child 2. when the society provide the security guard to the other organisation.
10 May 2012
All the donations will be taxable as your not registered u/s Income tax Act. Irrespective of the purpose for which the Donations are used. Kindly get it registered with income tax act, to get exemption of donations recieved
10 May 2012
YOU CAN FILE ITR-7, BUT YOUR INCOME WILL BE TAXABLE AND SOCIETY CAN NOT AVAIL THE BENEFIT OF 85% AMOUNT UTILIZE BECAUSE SOCIETY IS NOT REGISTERED UNDER SECTION 12A
if the society received the membership fee or any other receipts (like its charges the fee for conference)than it also be treated as donation or the the income will be taxable after the net off (means after the deducting the expenses related to such income).
CAclubindia
