Trust registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2015
1. Kindly explain me the difference between Section 10 (23C) and Section 12.
2. How does a trust decide under which section it should claim exemption.
3. In case of an education institution - should it claim exemption u/s 10 (23C) or 12.
2. How does a trust decide under which section it should claim exemption.
3. In case of an education institution - should it claim exemption u/s 10 (23C) or 12.
22 March 2015
!. See the link for difference.
2. Educational institution run not for profit and gross income less than 1 crore may opt for 10 (23C)(iiiad). For others it is better to go for section 12.
2. Educational institution run not for profit and gross income less than 1 crore may opt for 10 (23C)(iiiad). For others it is better to go for section 12.
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