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sec10(23)(c)

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04 December 2007 i have to file income tax return of an educational institution for assessment year 2007-08. The gross receipts of fees & other receipts of the institute amounts to Rs.35 Lacs and the excess of income over expenditure comes to Rs.1.72 Lacs. The institute is not registered u/s 12AA , nor the institution has applied for registration u/s 12AA till date.Please enlighten whether the income of the institution is taxable or whether it be exempt u/s 10(23)(c) of the Income Tax Act , 1961.If the income is taxable then, what shall be it tax liability.
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mahendra singh saluja

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mahendra singh saluja (Querist)
04 December 2007 open
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mahendra singh saluja

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mahendra singh saluja (Querist)
04 December 2007 my query is not yet resolved , please post ur valuable suggestion on the query.
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