Taxability of not for profit companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2015
What is the taxability under Income tax Act of the companies operating not for profit licensed under sec 25 of Companies Act , 1956??
15 April 2015
They have to register u/s 12A of the income tax Act and file the return to get their income exempted.
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