Opening a pre school- franchisee for kid zee


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 January 2019 Dear Friends,
I am looking to sep up a play school , with franchisee of Kid Zee.
Can any one help me for formation of the school, should i operate the franchisee under proprietorship, Firm or any other education society for the purpose of income tax and all other relevant applicable law

10 January 2019 Start as proprietorship. No income tax upto 1crore gross receipts. Take licence from local authorities.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 January 2019 Thanks for your advice.
will it be under presumptive income receipts.
but as per the law governing the pre-schools, it is compulsory required audit of accounts. so how to claimed presumptive income benefit

14 January 2019 Schools are exempt under section 10(23c(iiiad) upto 1 crore no audit required.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details