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??
4 Replies
sudharshan reddy
(CA )
(42 Points)
Replied 17 January 2018
It can be anything
1. Pvt limited
2. Section 25 company
3. Even listed company
4. Society
5. Trust
Urvesh Jhaveri
(4 Points)
Replied 17 January 2018
If it is for non proditable purpose than it should Section 8 company
Arindam Bose
(Student)
(23 Points)
Replied 19 January 2018
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?
sudharshan reddy
(CA )
(42 Points)
Replied 09 May 2018
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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