• Welcome to itatonline.org Forum.


ITAT issues guidelines for stay of demand.

Main Menu

exemption u/s 10(23C)(iiiad)

Started by ketanvyas1975, March 07, 2013, 09:45:19 AM

Previous topic - Next topic


an educational trust is not eligible for exemption u/s 11 in the absence of registration u/s 12AA. Hence, they alternatively want to claim exemption u/s 10(23C)(iiiad) for which the condition is that annual average receipts should be less than 1 crore. My question is how to calculation this limit of Rs. 1 crore - (1) only fees income and other income credited to income and expenditure acccount will be counted ? or (2) the corpus donation received by the trust will also be included for 1 crore limit? Please guide me in the matter with applicable case laws.


can anybody please guide me in the matter?


Exemption u/s 10(23) is not talking about the corpus donation received. hence will be taxable if registration u/s 12a is not taken.

Satish Garg


any other expert views in the matter?