https://www.taxtmi.com/forum/issue?id=453 The central operative question is whether the unregistered educational society is assessable as an Association of Persons, with attendant issues on applicable tax rates, the taxable base (net profit versus gross receipts), treatment of corpus donations credited to capital fund, TDS obligations, whether grants count as turnover for audit thresholds, and the ability to apply for charitable exemption now and the consequences of reorganising as a new charitable trust and transferring assets and liabilities. en-us Wed, 23 May 2007 17:30:00 +0530 Thu, 23 Jan 2025 15:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=453 The central operative question is whether the unregistered educational society is assessable as an Association of Persons, with attendant issues on applicable tax rates, the taxable base (net profit versus gross receipts), treatment of corpus donations credited to capital fund, TDS obligations, whether grants count as turnover for audit thresholds, and the ability to apply for charitable exemption now and the consequences of reorganising as a new charitable trust and transferring assets and liabilities. Discussion-Forum Income Tax Wed, 23 May 2007 17:30:00 +0530 https://www.taxtmi.com/forum/issue?id=453