Status of a society

YASHPAL RAWAT (Querist) 28 August 2012 This query is : Resolved

Kindly confirm what will be status of a society registered under Society Act, 1860, and initial exemption for assessing under Income Tax Act, 1961.

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Sailesh Kumar Shah (Expert) 10 September 2012
There is no such provision in the Income Tax Act for initial exemption for assessing of society.

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