Tax calculation of education trust

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Nitin Agarwal (Querist)
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03 March 2012 pls tell me applicable exemptions on educational trust/institute/college under income tax act 1961 and what certificates are required for filing of return of college

CA Sameer Valia

CA Sameer Valia (Expert)
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03 March 2012 Dear Nitin,

Your query needs several areas of focus. Firstly, applicability of exemption to education institution is available under Section 11 of the Income Tax Act, 1961. Section 11, 12, 12A, 12AA and 13 are relevant. They are the crux of the taxability of all trusts and charitable organisations.

Also relevant for blanket exemption is provisions under Section 10 (23) (c).

All the above sections require expert detailed knowledge and a clear understanding of various provisions, case laws and amendments from time to time.

You may refer the book : "Taxation of Trusts and NGOs" by Taxmann for a clear understanding of the subject matter.

Regards

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