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Educational or institution

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17 Points Posted on 03 March 2021
Gross receipts of educational society are less than one crore,is it mandatory fo get registered under sec 12AA to claim exemption????
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On 03 March 2021 at 17:41 Report
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Chartered Accountant
24588 Points Posted on 03 March 2021
Not required
1 Reply
On 03 March 2021 at 18:50
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17 Points Posted on 03 March 2021
If we file ITR as Educational society, will we get automatic exemption??
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On 03 March 2021 at 19:08
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17264 Points Posted on 03 March 2021
No automatic exemption. without registration it will be treated as AOP and tax at maximum slab rate.
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On 03 March 2021 at 19:38
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17 Points Posted on 03 March 2021
Means registration u/s 12 AA is mandatory to claim exemption????
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On 03 March 2021 at 19:58
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Chartered Accountant
7550 Points Posted on 03 March 2021

Yes to claim exemption in ITR you have to take registration u/s 12AA.

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On 03 March 2021 at 20:06
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17 Points Posted on 03 March 2021
If we file ITR 7 under sec 139(4d) and gross receipts are less than 1 crore ,even then required to get registered under sec 12AA??????
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On 03 March 2021 at 20:11
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Chartered Accountant
24588 Points Posted on 06 March 2021
To claim exemption registration is required
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On 06 March 2021 at 06:24


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