Section 10 (23c) vis-a-vis section 11 & 12
This query is : Resolved
Heera Nahariya
(Querist)
12 March 2014
An Association is registered under Society Registration Act, 1860. The object clause of the Association runs thus:
A. To serve a common platform for all post-graduate college in the state for development in respective higher education.
B. The income derived in whatever way shall be utilized for promoting the above objectives of the Association and shall not be distributed among the members of the Association or any body as dividend.
My query is:
How the Association would be taxed. Is there any exemption in this regard. How the exemption is to be claimed.
Which section to apply section 10(23C) or 11 & 12.
A. To serve a common platform for all post-graduate college in the state for development in respective higher education.
B. The income derived in whatever way shall be utilized for promoting the above objectives of the Association and shall not be distributed among the members of the Association or any body as dividend.
My query is:
How the Association would be taxed. Is there any exemption in this regard. How the exemption is to be claimed.
Which section to apply section 10(23C) or 11 & 12.
Rupesh Jain
(Expert)
25 March 2014
r/sir
society under 10(23C) for that you have register your society with income tax .
and receipts up to Rs. 1.00 crores society can work. and claim exemption u/s 10(23c)
after that you have to create trust and to be registered u/s 12
society under 10(23C) for that you have register your society with income tax .
and receipts up to Rs. 1.00 crores society can work. and claim exemption u/s 10(23c)
after that you have to create trust and to be registered u/s 12
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 Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
