https://www.taxtmi.com/article/detailed?id=9354 Exemption depends on funding, profit motive, receipts and approvals: government institutions wholly or substantially financed by the Government are fully exempt without approval; private institutions below the receipts threshold may claim exemption without approval, while those above must obtain approval and comply with conditions including applying at least 85% of income to educational objects, investing only in prescribed modes, filing returns and furnishing prescribed audit reports, and restrictions on corpus donations to other exempt trusts. en-us Fri, 17 Jul 2020 08:11:10 +0530 Fri, 17 Jul 2020 08:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9354 Exemption depends on funding, profit motive, receipts and approvals: government institutions wholly or substantially financed by the Government are fully exempt without approval; private institutions below the receipts threshold may claim exemption without approval, while those above must obtain approval and comply with conditions including applying at least 85% of income to educational objects, investing only in prescribed modes, filing returns and furnishing prescribed audit reports, and restrictions on corpus donations to other exempt trusts. Articles Income Tax Fri, 17 Jul 2020 08:11:10 +0530 https://www.taxtmi.com/article/detailed?id=9354