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Taxation of sec 25 company

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(Querist)
18 November 2012 Respected Experts
As per companies Act 1956 a Sec 25 company is treated like an NGO
Now for Income Tax Act is the Company treated as a Normal Private Limited Company or like a Trust or Society i.e. like a AOP or BOI for taxability purpose of the income of such Sec 25 co in its hand
Pls reply
Thanks
Debashis Mandal
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
18 November 2012 The status will remain as "Company" and the manner in which the income will be dealt, will depend upon the fact that -whether the company has applied for registration U/s 12A of the Income Tax Act, 1961.
.
In no case, a company is treated as a person
different than company.
.
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Debashis Mandal

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Debashis Mandal (Querist)
19 November 2012 but sir if they taken 12A then ?
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