tax liability on school
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2011
My client is a school and its net income for the year 2010-2011 is Rs 4.50 lacs.
what would be its tax liability.
what would be its tax liability.
CA PARAS BAFNA
(Expert)
14 April 2011
Income Tax is payable by a person as defined in the income tax act.
You have to specify about the person i.e. an individual, firm, company, trust, AOP, who is running the person.
You have to specify about the person i.e. an individual, firm, company, trust, AOP, who is running the person.
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