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EDUCATIONAL SOCIETY

DEEPESH DOKANIA (Student CA IPC / IPCC) (27 Points)

30 March 2021

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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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 30 March 2021

Yes if gross receipts are less than 1 crores rupees then educational society is exempt from income tax

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Vijaya Holla (8 Points)
Replied 30 March 2021

For seeking exemption education institutions has to fill application in form no56D before 30 September of relavant assessment year.

DEEPESH DOKANIA (Student CA IPC / IPCC) (27 Points)
Replied 30 March 2021

FOR SEEKING EXEMPTION DO I HAVE TO FILL ANY REQUIRED FORM

DEEPESH DOKANIA (Student CA IPC / IPCC) (27 Points)
Replied 30 March 2021

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