Tax exemptions
This query is : Resolved
07 January 2013
One of the Charitable Institutions, which is running a school & Institution is registered under Society Registration Act, 1860.
for E.g:-
total Receipt--11,00,000.00
exp. -- 5,00,000.00
Net Income--600,000.00(now please tell me how to get exempt from income tax department)
for E.g:-
total Receipt--11,00,000.00
exp. -- 5,00,000.00
Net Income--600,000.00(now please tell me how to get exempt from income tax department)
07 January 2013
The Institution must be registered under Section 12A/12AA of the Income Tax for getting the benefits of Section 11& 12. Apply for registration immediately if the data given pertains to current year.
.
A society is treated as an AOP and taxed at maximum marginal rate.
.
Please wait for the views of experts also.
.
A society is treated as an AOP and taxed at maximum marginal rate.
.
Please wait for the views of experts also.
Message likes :
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08 January 2013
Thanks sir,
But what about Exemption under section 10(23C) (IV) /(V).
But what about Exemption under section 10(23C) (IV) /(V).
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