Our coaching institute is planning to start scholarship exam for students of class 10th. How should we proceed? And is it taxable?
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Quick Summary
This discussion explores how a coaching institute can initiate a scholarship exam for 10th-grade students. It covers the practical steps involved in setting up such an exam, including considerations for GST registration if applicable. The conversation also touches upon the taxability of coaching activities under PGBP and whether an individual can conduct a scholarship exam, concluding with a brief mention of legal aspects.