ITR 7(Trust) without having 12 A number. Under which section educational
expenses is to be claimed as deduction and also regional expense to be claimed
as deduction for A.Y. 2018-19.
Where assessee is not
registered under section 12A of Income Tax Act, 1961, as per section
10(23C)(iiiad) of Income Tax Act, 1961, income of any university or other
educational institution existing solely for educational purposes and not for
purposes of profit will be exempt, if the aggregate annual receipts of such
university or educational institution do not exceed Rs.1 crore.
If your educational
institution is covered under above provision then whole income of such
educational institution will be exempt, otherwise income of said trust is
treated normal business income and expenses incurred for business will be