Exemption u/s 10(23C)(iiiad) Schools


This query is : Resolved 

Quick Summary
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.

(Querist)
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

22 March 2025 Show additional income under respective head, which is taxable; while the exempted income should be declared under schedule EI.

Chandra Kala (Querist)
22 March 2025 There is no additional income but we have to file updated return under exemption u/s 10(23C)(iiiad)

22 March 2025 You can file updated return if it was not filed earlier.

Chandra Kala (Querist)
24 March 2025 In updated return it is asking additional income. We dont have additional income. How to file

24 March 2025 Unless you declare any additional income, the system will not accept it.

30 September 2025 Good luck....


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