TAXABILITY OF A REGD SOCIETY UNDER SOCIETY REGISTRATION ACT BUT NOT U/S 12A

[Sanjeev Agrawal]

Dear Experts, With Reference to Provisions of Section 167B which do not apply to company or a society regd under society registration Act, Income of such Charitable Educational Society having annual receipt of more than one crore has been taxed at mmr on its total income, the return was furnished in form ITR 7, in rectification application what relief can be claimed. Thnx and regards.

[DR.MARIAPPAN GOVINDARAJAN]

The query requires more information.

AI Summary

Taxability of registered societies: non-registration for exemption can result in taxation on total income absent procedural protection. A charitable educational society registered under the Societies Registration Act but not under section 12A was assessed on its total income; section 167B is said not to apply to companies or societies registered under the Societies Registration Act, the return was filed in the applicable ITR form, and relief via rectification depends on factual details such as exemption claim, timing of registration, and grounds to challenge the assessment.