https://www.taxtmi.com/article/detailed?id=8135 Registration and tax treatment of educational institutions depend on legal form: charitable trusts require a trust deed and registrar filing and must obtain tax registration to claim charitable status and donor benefits; societies form by memorandum subscription and one time tax registration secures income exemption; companies may run educational activities consistent with charitable purposes; sole proprietorships are taxed in the proprietor's hands. Tax exemption requires proper legal ownership of property, charitable purpose for public utility, non inurement to private individuals, and auditable accounts, and exemptions may be withdrawn after a hearing if conditions are breached. en-us Thu, 23 Aug 2018 05:50:56 +0530 Thu, 23 Aug 2018 05:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8135 Registration and tax treatment of educational institutions depend on legal form: charitable trusts require a trust deed and registrar filing and must obtain tax registration to claim charitable status and donor benefits; societies form by memorandum subscription and one time tax registration secures income exemption; companies may run educational activities consistent with charitable purposes; sole proprietorships are taxed in the proprietor's hands. Tax exemption requires proper legal ownership of property, charitable purpose for public utility, non inurement to private individuals, and auditable accounts, and exemptions may be withdrawn after a hearing if conditions are breached. Articles Income Tax Thu, 23 Aug 2018 05:50:56 +0530 https://www.taxtmi.com/article/detailed?id=8135