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10(23c)(iiiad)

This query is : Resolved 

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)?

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.

18 October 2017 TURNOVER 2016-17 was 1.5cr tax audit applicable if not registered u/s 10(23C)(vi).

18 October 2017 Sir for 10(23c)(iiiad) shall we claim directly or whether any registration required?

18 October 2017 No registration is required.


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