10(23c)(iiiad)
This query is : Resolved
Vijay Kumar
(Querist)
17 October 2017
Sir my client is a private school registered as a education society and he also have certificate from district registrar certifying that not for profit,In FY TURNOVER 2015-16 WAS 97laksIn FY TURNOVER 2016-17 was 1.5crWhether tax audit applicable to education society?For 15-16 shall I directly claim 10(23c)(iiiad)?
CA R SEETHARAMAN
(Expert)
17 October 2017
FY 15-16 you can claim 10(23c)(iiiad). Tax audit not applicable to education society registered under 12AA of Income tax.
CA R SEETHARAMAN
(Expert)
18 October 2017
TURNOVER 2016-17 was 1.5cr tax audit applicable if not registered u/s 10(23C)(vi).
Vijay Kumar
(Expert)
18 October 2017
Sir for 10(23c)(iiiad) shall we claim directly or whether any registration required?
CA R SEETHARAMAN
(Expert)
18 October 2017
No registration is required.
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