Reply to Notice u/s 143

We filed returns correctly for the A.Y.2023-2024. But, we got below mentioned error for every Educational Society / Trust claimed exemption u/s 10(23C)(iiiad) for the A.Y.2023-2024. Please suggest us.


Income due to disallowance of exemption under clauses of section 10 entered at Sl. No. 1(e) of Schedule OS is less than the difference between the "Gross receipts" in Sl. No. 3 of Schedule IE-4 and exemption claimed in Part B2 of Part B TI. Hence, the amount mentioned at Sl. No. 1(e). 'Income due to disallowance of exemption under clauses of Section 10' in Schedule OS is recomputed accordingly.


What do now??
Replies (2)
Quick Summary
An educational society or trust has received a Notice u/s 143 concerning their tax return for AY 2023-2024. The notice highlights an issue with the claimed exemption under Section 10(23C)(iiiad), leading to a recomputation of income. The recomputed amount due to the disallowed exemption is Rs. 253,550.

Pls post figures
All figures are not available. Only the amount
recomputed due to difference is given which is Rs. 253550.

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