Hi Sir or Madam
A school is registered as educational society
Status under income tax audit as AOP
Turnover for Finanacial year 2022-23 is 47 lacs
Please advise Tax Audit Applicability
Thanks in advance
Tax audit u/s. 44AB(1) IT act, not applicable; but check compliance under society act.
Depends upon the type of activity carried by AOP. In above case it will be Rs.1 Cr.
You are welcome.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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