Tax audit - Non registered society

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....ax audit - Non registered society<br> Query (Issue) Started By: - VIVEK BANSAL Dated:- 14-9-2007 Last Reply Date:- 15-9-2007 Income Tax<br>Got 1 Reply<br>Income Tax<br>SCHOOL RUN BY A SOCIETY REGISTER....

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....ED UNDER SOCIETY REGISTRATION ACT BUT SOCIETY IS NOT REGISTERED UNDER INCOME TAX ACT UNDER SECTION SECTION 11 OR 12 .HAVING RECEIPTS OF RS EXCEEDING 40 LACS BUT INCOME IS LESS THAN RS 1 LACS.WHETHER S....

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....OCIETY IS REQUIRED TO FILE INCOME TAX RETURNS AND WILL HAVE TO GO FOR TAX AUDIT OR NOT.THANKING IN ADVANCE Reply By deepak gupta: The Reply: As per section 44AB if the receipt of income exceeding 40....

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.... lacs of any previous year then society go for audit and also have to file income tax return.<br> Discussion Forum - Knowledge Sharing ....