Exemption u/s 10(23C)(iiiad) & Exemption u/s 11 (12AA Registration)


This query is : Resolved 

Quick Summary
This discussion clarifies tax exemption possibilities for educational institutions registered under Section 11 (12AA). It confirms that institutions can claim exemption under Section 10(23C)(iiiad), particularly if their total receipts are below the threshold. For Assessment Year 2022-2023 onwards, this threshold has been raised from 1 crore to 5 crores.

16 August 2022 Our is a Education Institution. We have registration u/s 11 (12AA Registration). In this connection, we request you to file we can claim exemption u/s 10(23C)(iiiad). If we have registration u/s 12A of the IT Act

18 August 2022 Yes, provided if total receipt less than 1 crore.

27 August 2022 FOR THE A.Y.2022-2023 ONWARDS IT IS INCREASED 1 CRORE TO 5 CRORES

28 August 2022 Yes, agreed with you.


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