HELLO FRIENDS, PLS. TELL ME WHETHER INCOME OF TEMPLES OR GURUDWRAS REGISTERED UNDER SOCITIES ACT, IS EXEMPTED AUTOMATICALLY UNDER SEC 10 OR WE HAVE TO APPLY FOR SEC 12A REGISTERATION.
IS THERE ANY LIMIT OR NOT?
PLS. HELP ME.
THANKS.
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Income of socities
Replies (4)
registration is must...... slab rate applicable for individual are applicable for trusts
IF SURPLUS IS MORE THAN 2 LAKH (INCOME-EXP), THEN REGISTERATION IS COMPULSIORY OR WE HAVE TO APPLY FOR REGISTERATION FROM THE BEGINNING.
PLS. HELP ME.
THANKS.
if gross receipts(including all types of donations) are more than Rs 200000 then registration is must for getting income tax exemption.........exemption can be availed from the p/y in which application for registration is filed....
IN CASE OF SOCITIES, WHAT IS THE MEANING OF INCOME WHETHER IT IS GROSS RECEIPTS OR SURPLUS?
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