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Itr-7

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2015 A SOCIETY IS RUNNING SCHOOL AND NO OTHER ACTIVITY IS CARRIED BY SOCIETY . ANNUAL FEE DOES NOT EXCEED 01 CRORE FOR FY-14-15.HENCE SOCIETY WANT TO CLAIM EXEMPTION U/S 10(23C)(iiiad). MY QUERY IS- 1.WHETHER ITR-7 IS MANDATORY. 2.WHETHER AUDIT IS MANDATORY . IF YES THEN 10B OR 10BB WHICH WILL BE APPLICABLE. 3.IF ITR 7 IS TO FILED UNDER WHICH SECTION AUDIT REPORT WILL BE ISSUED. THANKS IN ADVANCE
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 November 2015 1 ITR 7 not mandatory.
2 Audit is not mandatory.
3 Not applicable.

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