Exemption for services in an Old Age Home
This query is : Resolved
28 February 2020
Old Age Homes registered under Section 12AA of IT Act is exempt from GST up to Rs.25,000 per Member for services rendered. What is the definition of Old Age Home and should it be registered under Senior Citizens Act, 2007 ?
28 February 2020
If old age home IS REGISTERED under sec 12AA of IT Act, exemption up to Rs 25000/- per member is available.
It is not relevant under GST Act whether the old age home is registered under SrCitizen Act.
These points will be taken care of by Income Tax Authorities before registering under Sec 12AA for Income Tax Act
It is not relevant under GST Act whether the old age home is registered under SrCitizen Act.
These points will be taken care of by Income Tax Authorities before registering under Sec 12AA for Income Tax Act
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
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
