Taxation of a coaching institute

This query is : Resolved

Ishleen (Querist)
Follow

23 January 2013 If a coaching Institute is operating under a Sole Proprietorship, Are any Income Tax Exemptions available?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

23 January 2013 Deductions & exemptions as per Individual income and expenses on professional work allowed

Ishleen

Ishleen (Querist)
Follow

23 January 2013 Can you please elaborate.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

23 January 2013 For running a coaching center your income is taxable under the Head Income from professions and you can claim the expenses incase any thing is for running coaching center and after arriving the Total income normal deduction under chpater VI-A like 80C,80D,80DD,80DDB,80G are available

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Hanuma Yanduri

Jai Solanki

George Innocent

Ravikumar

sandhya.v

Subscribe Now

Taxation of a coaching institute

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

CA Final

Senior Executive

Manager- Finance and Compliance

Accountant