Taxability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 A GROUP OF DOCTORS FROM A GOVT HOSPITAL HAD CONDUCTED A CONFERENCE. REGISTRATION FEES AND SUBSCRIPTION FROM THE COMPANIES WAS THE AMOUNT RECEIVED. THEY HAVE TAKEN A PAN NUMBER TO GIVE TO THE COMPANIES FOR RECEIVING FUNDS FOR SPONSERSHIP. NOW AFTER CONDUCTING THE CONFERENCE THEY ARE TO TRANSFER THE AMOUNT IN EXCESS TO THEIR PARENT MEDICAL ASSOCIATION. THEY HAVE DEDUCTED TDS WHEREEVER REQUIRED AND HAVE FILED THEIR TDS RETURNS ALSO.

NOW MY QUESTION IS
1. SHOULD THEY PAY TAX FOR THE EXCESS OF INCOME OVER EXPENDITURE DUE TO THE CONFERENCE.
2.IF YES IN WHAT STATUS SHOULD THEY FILE.
3. IS THERE ANY EXEMPTIONS FOR THESE TYPE OF CONFERRENCES.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 January 2015 firstly how the grp of doctors have registered under income tax act? whether as trust or aop etc

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2015 The Grp have got their pan number as aop

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