Societies registered under societies act

SONAL AGARWAL (TAX ASSISTANT) (24 Points)

17 September 2015  

Dear Sir,

What are the income tax provisions for a society registered under socities act but not registered under INCOME TAX ACT, 1961?

It is running an educational school (not for profit) and the gross receipts are more than 1 crore....

In which section of Income tax Act it is to be audited and which ITR to be filed?...

Please tell me the detailed provisions with consequences...