a school with foreign income
This query is : Resolved
CA Vijay Kumar Walande
(Querist)
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.
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