Assessement of different entity as one same entity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2015
Sir/Madam,
I am conducting the audit of one education institution and they have the newspaper publication also for e.g. Evening newspaper.
The assessee is telling that both are one entity can we set off the loss in newspaper publication with profit of education institution?
The education institution does not have the registration u/s 12aa..
Can it be apply to Registration u/s 12aa even it has the gross receipt morethan 1 crores. the trust commences before 6 yrs?
Pls reply me...
I am conducting the audit of one education institution and they have the newspaper publication also for e.g. Evening newspaper.
The assessee is telling that both are one entity can we set off the loss in newspaper publication with profit of education institution?
The education institution does not have the registration u/s 12aa..
Can it be apply to Registration u/s 12aa even it has the gross receipt morethan 1 crores. the trust commences before 6 yrs?
Pls reply me...
Amol S Joglekar
(Expert)
29 November 2015
if the ENTITY is same, the loss from newspaper can be very well set off with that of educational institute.
Apply and request for 12AA registration
Apply and request for 12AA registration
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