sec 10(23c) IT act 1961

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..... sec 10(23c) IT act 1961
Query (Issue) Started By: - hemanth ch Dated:- 15-12-2014 Last Reply Date:- 30-10-2015 Income Tax
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Income Tax
when we have to apply 10(23c)?In case of e .....

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..... ducational institution whose annual total receipts exceeds rupees 1 crore we cann't get exemption from IT act 1961 then what we have to do? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Section 10 .....

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..... (23c) (iiiad) provides that any university or other educational institution existing solely for educational purposes and not for purposes of profit if the aggregate annual receipts of such university .....

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..... or educational institution do not exceed the amount of annual receipts as may be prescribed. Rule 2BC(1) provides the limit as ₹ 1 crore. Since the total receipts exceeds ₹ 1 crore, in my .....

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..... view, you cannot get exemption.
Discussion Forum - Knowledge Sharing .....

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