sec 10(23c) IT act 1961

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....ec 10(23c) IT act 1961<br> Query (Issue) Started By: - hemanth ch Dated:- 15-12-2014 Last Reply Date:- 30-10-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>when we have to apply 10(23c)?In case of ed....

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....ucational institution whose annual total receipts exceeds rupees 1 crore we cann&#39;t get exemption from IT act 1961 then what we have to do? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Section 10(....

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....23c) (iiiad) provides that any university or other educational institution existing solely for educational purposes and not for purposes of profit if the aggregate annual receipts of such university o....

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....r educational institution do not exceed the amount of annual receipts as may be prescribed. Rule 2BC(1) provides the limit as &#8377; 1 crore. Since the total receipts exceeds &#8377; 1 crore, in my v....

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....iew, you cannot get exemption.<br> Discussion Forum - Knowledge Sharing ....