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
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