TMI BlogREGN OF EDUCATIONAL INSUTITUTIONX X X X Extracts X X X X X X X X Extracts X X X X ..... ONE OF MY CLIENT IS GOING TO START AN EDUCATIONAL INSTITUTE PROVIDING VARIOUS FACILITIES AND ON LARGE SCALE. THE INSTITUTE SHALL BE RUN BY A REGD. TRUST WHICH IS ALSO REGD. U/S 12A OF IT Act . NOW ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MY QUESTION IS THAT TO AVAIL THE TAX EXEMPTION WHETHER IT IS SUFFICIENT TO GET THE TRUST REGD. U/S 12A OF THE IT Act . WHETHER IT IS COMPULSORY TO GET THE TRUST REGD. U/S 10(23) OF THE ACT. WHAT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IS THE DIFFERENCE BETWEEN BOTH REGN. WHAT ARE THE RELATIVE ADVANTAGES OR DISADVANTAGES TO GET OR NOT TO GET ONE OR OTHER REGN. - Reply By manoj gupta - The Reply = It is sufficient to get the trust r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egistered under section 12A of the act. there is no need to get registration u/s 10(23) of the act. Both the sections are parallel sections. While section 12A is meant for every charitable trust/insti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tution etc. Section 10(23) applies to institutes satisfying certain conditions such as national/state wide importance etc. but it has no advantages over and above section 12A. - REGN OF EDUCATIONAL IN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SUTITUTION - Query Started By: - MOHINDER KANSAL Dated:- 15-6-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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