Trust clarification

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PROPRIETOR
41 Points Posted on 17 October 2023

Dear Friends

One of my client is Trust running educational institution and whose gross receipt is less than 5 Crores. Whether I can claim exemption u/s 10 (23C)(iiid) of the income tax act. If so , whether I should file Audit Report in Form 10 BB

Please clarify 

Thanks

 

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On 17 October 2023 at 20:56 Report
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An individual is seeking clarification on whether their client, an educational trust with gross receipts of ₹2.15 crore, can claim exemption under Section 10(23C)(iiid) of the Income Tax Act. They also want to know if filing an Audit Report in Form 10BB is necessary in this scenario.

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Profession
19978 Points Posted on 25 October 2023
Pls post actual receipts and compliance undercsec 12aa
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On 25 October 2023 at 07:15
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PROPRIETOR
41 Points Posted on 25 October 2023

Actual Gross Receipts is Rs 21500000/- (Two Crore Fifteen Lakhs only)

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On 25 October 2023 at 13:04

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