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Is school liable to income tax

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(Querist)
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
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ramakrishna

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ramakrishna (Querist)
23 August 2011 please reply
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Azmathullah Khan

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Azmathullah Khan (Expert)
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.
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