Please let me know that an educational institute can be a pvt ltd or partnership firm. If not then What entity required to incorp a institute??
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Legal procedure for an educational institute
Replies (4)
It can be anything
1. Pvt limited
2. Section 25 company
3. Even listed company
4. Society
5. Trust
If it is for non proditable purpose than it should Section 8 company
Thanks for your reply.. Please let me know which one would be benificiary in term of taxation or any government pros - cons. Is all the entities will be treated as same?
I depends on the turnover your expecting from the institute.
Under Scetion 10(23c) we have exemption up 1 crore.
if your expectation is going to cross 1 crore go for trust rather going for section 8 company
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