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Income tax on education society

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(Querist)
02 April 2016 if education society has gross receipts more than one crore than what is the process off tax calculation

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 April 2016 It will be treated as AOP/BOI and taxed at maximum marginal rate if members are taxed at maximum marginal rate otherwise individual slab rate applicable.

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