School audit / tax
This query is : Resolved
CA Deepak Jagetia
(Querist)
26 May 2012
Whether School ( not for the purpose of Profit) run by AOP having fees collection Rs 1 Crore during the year is required to file Income Tax Return ??? & Which form of Return to be filed???
And also Please clarify the position when the fees collection is less than Rs 1 Crore during the year ...
And also Please clarify the position when the fees collection is less than Rs 1 Crore during the year ...
Soumitra Basu
(Expert)
27 May 2012
Irrespective of fees every school has to file its return of income to its jurisdictional assessing officer in ITR-7.
Mukesh Goyal
(Expert)
27 May 2012
Hi Mr Deepak,
I am totally agreed with Mr Basu and this form will be filed manually.
Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@Gmail.com
I am totally agreed with Mr Basu and this form will be filed manually.
Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@Gmail.com
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Missed uploading GST Invoice
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Visiting card purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
