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some experts told us its tax exempted, but they couldn't give us the satisfactory explanation. So pls help me.

2006-11-08 17:42:47 · 4 answers · asked by kurian7in 1 in Politics & Government Law & Ethics

4 answers

Any act for education is tax exempt if the education institution is registered with the Tax Office. If your office is not registered, the income derived from the event is taxable.

2006-11-08 21:27:12 · answer #1 · answered by FRAGINAL, JTM 7 · 0 0

if it is conducted with bonafide reason and part of any aid event which is not related to any kind of material profit then only it is exempted from tax, for example;the ans of mine which is given to Ur quarries without any material expectation is educating u but iam not subjected to tax.but
the profess of a college receives a salary as a meterial profit for his work by educating the people, he is subjected to pay tax.his service will not be counted as free aid to the part society, if ur work falls under the first example then your not suppose to pay even a single penny for such appreciable job and no need to register such campaign,
for this purpose the event must follow this thing
1 it must be a bonafide event for the welfare of whole society.
2.which is not aimed to get any materiel profit,

2006-11-08 22:29:49 · answer #2 · answered by shubhi 1 · 0 0

If it is a service to the community without any fees charged to them, then it is tax exempted and declared as community service.

2006-11-09 00:00:19 · answer #3 · answered by ? 7 · 0 0

In India, provider tax is on 'commercial practise or training centre' which potential any institute or business enterprise offering commercial practise or training for supplying means or understanding or training on any subject or field different than the activities, without or with issuance of a certificates and is composed of training or educational training yet would not comprise preschool training and practise centre or any institute or business enterprise which subjects any certificates or degree or degree or any academic qualification recognized by potential of regulation in the mean time in rigidity; If the provider / practise presented by potential of you falls under the above defination, you're at risk of pay tax. regardless of the shown fact that, in the experience that your turnover of taxable provider is under Rs. 4 Lakhs, you're exempted under Notification 6/2005-ST, subject to circumstances of that notification. The centers of "commercial practise or training centre" is conditionally exempted. in case you subjects a certificates, degree or degree known by potential of regulation, that's outdoors the purview of “commercial practise or training institute”. (Please examine para 2.2 of CBEC around No. fifty 9/8/2003 dated 20.06.2003 for finished information for exemptions.)

2016-12-28 16:48:13 · answer #4 · answered by ? 3 · 0 0

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