Return Filling & Tax Libility
This query is : Resolved
VIVEK KARMANI
(Querist)
06 March 2009
A Socity is registerd under Socity Registration act 1972 in m.p.this society is operating a school.& there reciepts are 16 lacs during the financial year 2007-08.& after deducting all expenses surplus is 45000.
now my query is that is this society has to file a return ?& if applicable then how much tax liability will be imposed. this society is operating school only. not any other activity.
now my query is that is this society has to file a return ?& if applicable then how much tax liability will be imposed. this society is operating school only. not any other activity.
CA Tilak Raj Sharma
(Expert)
06 March 2009
yes, Society needs to file a return. Please also cjeck that society is registered under section 12A or not.
CA Tilak Raj Sharma
(Expert)
06 March 2009
yes, Society needs to file a return. Please also cjeck that society is registered under section 12A or not.
SHIKHA AGRAWAL
(Expert)
07 March 2009
yes,
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