a school with foreign income
This query is : Resolved
09 November 2009
Dear Sir,
Greetings
I just want to know, if a school gets its funds as subidy to run the school from other country, then whether it should submit its accounts to any special department as the reciepts are in dollar should the school submit its accounts to any authority.
Please tell me the details
Thank you
vijay
Greetings
I just want to know, if a school gets its funds as subidy to run the school from other country, then whether it should submit its accounts to any special department as the reciepts are in dollar should the school submit its accounts to any authority.
Please tell me the details
Thank you
vijay
Guest
Guest
(Expert)
09 November 2009
If A school is a registered trust then they have to follow as per respective Act.
Simultaneously applicability of Income Tax Act, and RBI Guidelines also need to be verified.
Simultaneously applicability of Income Tax Act, and RBI Guidelines also need to be verified.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
