tax excemption for schools
This query is : Resolved
01 April 2009
We have a school running under a trust. The trust is not doining any charitable activities. We have no 12A registration. The total turn over for the year 2008-09 is Rs.1,40,00,000/-. Please suggest me in detail the income tax obligation. I heard that there is tax exemption for schools. Please advice me.
26 July 2015
www.hamaratax.com is a new website developed for the purpose of e-filing income tax reurn for salary persons in india.
For Schools up to 1 crore income (gross), no need to file income tax.
For Schools up to 1 crore income (gross), no need to file income tax.
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