Income tax exemption for societies
Querist : Anonymous
What will be the recource if the society has been registered under society registration act, 1860 in Haryana and no application for registration under sec 12A has been filed within 1 year of registration despite the income is below the minimum taxable income exempt limit
Will be all income above Rs 2 lac will become taxable for all the future years.
If it does not apply for registration.
.
However, Your society can apply for Registration U/s 12A(1)(aa).
.
Querist : Anonymous
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