section 10(23)(C), Income Tax

[JANARDHAN BUDDHATHI]

HI,

We have a trust which runs educational institution and we got the registration under section 11 of IT Act. Now we want to register under section10(23)(C) as our gross receipts are exceded 1 crore, but commissioner is denying to register our trust under that section due to there were inter trust transactions between our trust and other trust with same members.Can you please resolve the following queries-

1. Is it mandatory to get the registartion under section 10 as we had already registered under section 11. my contention is charity includes providing education.

2. eventhough there are inter trust transactions our ultimate objective is ti provide the education only. how can we defend our self?

Please resolve.

Thanks 

Janardhan

Posts / Replies

[Surender Gupta]

You query need detailed analysis of the facts and circumstances.

However, I have tried in TMI search and found some results may be useful for you. Please click this link for search results