AS AN EDUCATIONAL SOCIETY IS REGISTERED AS SOCIETY REGISTRATION ACT 1860 WHETHER THEY ARE LIABLE TO FILE INCOME TAX RETURN AND WHETHER THEY ARE E;IGIBLE FOR ANY EXEMPTION AND WHAT THE CRITERIA TO BE FULFILLED FOR CLAIMING EXEMPTION UNDER INCOME TAX ACT
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EDUCATIONAL SOCIETY
Replies (5)
Quick Summary
Yes if gross receipts are less than 1 crores rupees then educational society is exempt from income tax
For seeking exemption education institutions has to fill application in form no56D before 30 September of relavant assessment year.
FOR SEEKING EXEMPTION DO I HAVE TO FILL ANY REQUIRED FORM
Vijaya Holla
if gross receipts are less than 1 crores rupees then educational society is exempt from income tax for that we do not have to fill any form is it true or false
If gross receipts is less than 1cror No separate approval required from prescribed authority.
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