Taxation of School
This query is : Resolved
01 September 2008
Any body
tell me about taxation of School run under society.
Is school income tax free??
What is procedure to enjoy tax free income ??
Under which section this will exempt ??
tell me about taxation of School run under society.
Is school income tax free??
What is procedure to enjoy tax free income ??
Under which section this will exempt ??
04 September 2008
As per section 10(23C)in following cases ,school income is tax free -
1.School is financed in major part or fully by govt
2.School is not for profit motive and annual receipt is not more than 1 crore
3.Approved by Chief comissioner
1.School is financed in major part or fully by govt
2.School is not for profit motive and annual receipt is not more than 1 crore
3.Approved by Chief comissioner
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9- ITC
- Audit of F and O T/O
- GST 9- Table 8
- REVENUE RECOGNITION AS PER IND AS 115
- RCM on GTA Services
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- Applicablity on tds
- Unable to generate and save json file for updated return
- GST payable under RCM
- WRONGLY UPLOADED 10IF FOR COOPERATIVE SOCIETY
- Related to Rate of Depreciation
- Mismatch of Sales Invoice in GSTR-1
- Query on Mismatch of Sales Invoice in GSTR-1
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
