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Taxation of coaching institutes?and educational societ?
Dear Expert ,
we had a coaching center and we also had Educational institute registered under Society ? My doubt is how can we bill is it in the name of Coaching institute or Educational institute under Society ? how we reduce tax liability and how can give 80C deduction on our fee to student? is it liable for leavy of service tax ?
Replies (1)
for offering 80C deduction to students, your activity must be covered by any cariculam by any board of education in india, i,e your institurte must have affilation from board of education to offer tution and issue certificates at par with other educational trusts.
fees paid to private coaching institues are not covered under 80C
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