12A

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sree (Querist)
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27 September 2010 can an educatinal society apply for 12A if so which form is to apply and how?

One of my fried educational society earned a gross receipt of 29 lakhs can we claim exemption u/s 10(23c)iii ad?

If an Educational Society paid a tax of 100,000/- in PY can the society eligible for apply of 12A?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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28 September 2010 Any society formed for charitable or religious purpose may aplly u/s 12A.

Exemption may be applicable after the registration or submission of application for registration.

If the socity has paid the tax for other business which is not covered as charitable purpose , tax is applicable. Still they can apply u/s 12A.

CA Mohd. Ubaid

CA Mohd. Ubaid (Expert)
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28 September 2010 If the society charges fees for educational services then it will be an infringement of the provisions of the proviso to section 2(15) and accordingly the society would not be eligible for registration u/s 12A. Application for registration u/s 12A is to be made in FORM 10A in duplicate accompanied by 2 copies of memorandum of the society.In Delhi Later on the department asks to submit copy of accounts for last 3 years, affidavit u/s 2(15), affidavit u/s 13, an undertaking that there is no change in the objects of the society since its inception, noc from landlord alongwith his ownership proof and of course notes on activities of the society.

ARUN KUMAR

ARUN KUMAR (Expert)
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01 October 2010 The objective of Section 12 A & 10(23)c are separate, Here 12A depend upon Income, However under section 10(23)c are based on receipts of Rs. 1 crores,
You are requested and free to contact me in this regards on my phone 9015900450

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