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
Menu
EDUCATIONAL SOCIETY
Replies (5)
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.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
