Schools eligible for exemption under Section 10(23C)(iiiad) need to file updated returns for the Assessment Years 2023-2024 and 2024-2025. If there's no additional taxable income, you still need to file, but the system may require a declaration of income. Taxable income should be shown under the relevant heads, while exempted income is declared under Schedule EI.
22 March 2025
Exemption u/s 10(23C)(iiiad) Schools shall file updated returns for the A.Y.2023-2024 & 2024-2025 under exemption. In updated returns shall we show additional income. How to file updated return