banner_ad

10(23ac) exemption

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 November 2012 WHEN A SOCIETY REGISTERED UNDER SOCIETIES ACT
THEN WHETHER INCOME FROM A SCHOOL(WHICH IS RUN UNDER THE SOCIETY) IS EXEMPTED OR NOT?

2.IN WHICH SECTION THE AUDIT OF SOCIETY IS CONDUCTED?

3.IF RECEIPTS OF SCHOOL(WHICH IS RUN UNDER THE SOCIETY NAME)IS RS.32 LAKHS IN F.Y.2010-2011 & RS. 80 LAKH IN F.Y.2011-2012
THEN WHETHER AUDIT IS COMPULSORY FOR A SOCIETY?
Profile Image

Soumitra Basu

Profile Image

Soumitra Basu (Expert)
10 November 2012 INCOME OF SCHOOL IS EXEMPT.

AUDIT IS NOT COMPULSORY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details