Exemption us 23ciii(ad)


This query is : Resolved 

15 November 2015 An aop running school .his annual recipt 10 lack .what condation aop should fullfill to claim the exemption u/s 10 23ciii(ab)pls reply urgent .should he has to file itr 7.or 5,

15 November 2015 The following conditions to be fulfilled for claiming exemption.
1 The annual total receipts not to exceed 1 crore
2 The institution is run solely for educational purpose.
3 The institution is a non profitable one.

File ITR 7.

16 November 2015 agree with seetharaman


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