Relating to educational institution


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Querist : Anonymous

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Querist : Anonymous (Querist)
05 March 2012 Gud Evng Sir, i am a newly qualified CA and one of the client came to says that he is running a educational institute under trust from 1976 but he had not filled any returns. his assumption is that he is exempted under section 10(23)C but he is not filled a application to i.t. department relating to 10 (23) C . he runs aided school and non - aided school also. what is the present position? at present he likes to file a i.t. return . plz replay as possible as early . he collected fees per student around 500/-per annum.

Anil Kumar (Expert)
06 March 2012 Hi,

You stated total fees collection per student is Rs.500. What is the total income of this education institution for the current year?

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 March 2012 nearly 70 lakhs only


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