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Return Filling & Tax Libility

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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.
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CA Tilak Raj Sharma

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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.
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CA Tilak Raj Sharma

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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.
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SHIKHA AGRAWAL

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SHIKHA AGRAWAL (Expert)
07 March 2009 yes,
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