Exemption u/s. 10(23c)(iiiad)

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An individual is running an educational institution conducting courses of catering, fashion technology etc. These are affiliated to Bharat Sevak Samaj, a National development Agency promoted by Govt. of India. Is this institution eligible for exemption u/s. 10(23C)(iiiad)?

Replies (2)

 

SEC 10(23C) (iiiad):-Income of any university or other educational institution existing solely for educational purposes and not for purposes of profit, if the aggregate annual receipts do not exceed one crore rupees.

It seems that it will be eligible for exemption.

Plz correct me if i m wrong.

Sir

 

firtsly exemption   is to a non profit making educational institute. you are running the business as an individual and for the profit therefore the claim for expention fails.

Secondly the purposes should be solely edcuation  here you have used words etc if the object of the business ( i donot know what kind of consititution do you have as an individual)  and other purposes even if without activity is there whihc is not educationa, claim alos fails


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