now the next thing
the law specifically states that the following institutions are liable to file ITR if also they are exempted u/s10
Every—
(a) 32a[scientific research association] referred to in clause (21) of section 10;
(b) news agency referred to in clause (22B) of section 10;
(c) association or institution referred to in clause (23A) of section 10;
(d) institution referred to in clause (23B) of section 10;
(e) fund or institution referred to in sub-clause (iv) or trust or institution referred to in sub-clause (v) or any university or other educational institution referred to in 33[sub-clause (iiiad) or] sub-clause (vi) or any hospital or other medical institution referred to in 33[sub-clause (iiiae) or] sub-clause (via) of clause (23C) of section 10;
(f) trade union referred to in sub-clause (a) or association referred to in sub-clause (b) of clause (24) of section 10,
shall, if the total income in respect of which such 32a[scientific research association], news agency, association or institution, fund or trust or university or other educational institution or any hospital or other medical institution or trade union is assessable, without giving effect to the provisions of section 10, exceeds the maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous year in the prescribed form.......
Here also the sec 10(23AA) is excluded
comments plz.............
CAclubindia
