Is school liable to income tax
This query is : Open
19 August 2011
Dear Sir,
Is schools liable to pay income tax, and under what sections it can claim exemption and deduction available to them under income tax act?
Thanks and Regards
Is schools liable to pay income tax, and under what sections it can claim exemption and deduction available to them under income tax act?
Thanks and Regards
23 August 2011
please reply
23 November 2011
Can u pls tell me, whether u r school, register wit ROC, Firm, Trust, etc.
If ur school register with society act, then it come under non profit organisation, and have to apply for exemption certificate from IT exemption circle.
If ur school register with society act, then it come under non profit organisation, and have to apply for exemption certificate from IT exemption circle.
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