Trust taxability

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Sonnal Khandaray (Querist)
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23 February 2021 Hi All,

One of my client is running a trust. They are providing SAP training courses to students at a concessional rates. Client want to claim exemption u/s. 10(23C) iiiad. Is it necessary to make any application to Income tax dept. to treat it as a educational institution.
Or they can directly claim exemption while filing ITR as receipts are less than Rs. 1 Crs.

Thanks in advance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 September 2021 No, they cannot directly claim any deduction.
As per Rule 2C, an application is to be made to Commissioner on prescribed form for grant of permission.

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