School Audit
This query is : Resolved
31 January 2011
Sir,
a school registered under societies Act but not registered under Income Tax Act u/s 10(23)C (Form No:56)
1) What are the applicable tax rates?
2) Whether the Audit is compulsory or Not?
3) Form of Audit Report? (10BB or 3CB/3CD)
4) Form of ITR? (ITR-4 /ITR-7)
Thank you.
a school registered under societies Act but not registered under Income Tax Act u/s 10(23)C (Form No:56)
1) What are the applicable tax rates?
2) Whether the Audit is compulsory or Not?
3) Form of Audit Report? (10BB or 3CB/3CD)
4) Form of ITR? (ITR-4 /ITR-7)
Thank you.
31 January 2011
a school registered under societies Act but not registered under Income Tax Act u/s 10(23)C (Form No:56)
1) What are the applicable tax rates?
Rates as applicable to individual.
.
2) Whether the Audit is compulsory or Not?
.
Audit is compulsory as it is registered with the Societies Act.
.
3) Form of Audit Report? (10BB or 3CB/3CD)
.
No form is prescribed.
.
However; it is advised to use the Audit Form of Charity Commissioner's Form applicable to your state.
.
4) Form of ITR? (ITR-4 /ITR-7)
.
ITR 7.
1) What are the applicable tax rates?
Rates as applicable to individual.
.
2) Whether the Audit is compulsory or Not?
.
Audit is compulsory as it is registered with the Societies Act.
.
3) Form of Audit Report? (10BB or 3CB/3CD)
.
No form is prescribed.
.
However; it is advised to use the Audit Form of Charity Commissioner's Form applicable to your state.
.
4) Form of ITR? (ITR-4 /ITR-7)
.
ITR 7.
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