Sec 12 a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2013
a school which is registered under sec 12A as a trust.it is reported in form 10B or as 10(23c)(iv)in another form . if its income less than 180000.
and also it is liable for submit tax return.
and also it is liable for submit tax return.
18 July 2013
Form 10B report is for those claiming exemption under section 11. If the income before claiming exemption under section 11 is more than the basic exemption limit (now Rs.2,00,000) then only return filing becomes mandatory.
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