Tag Archives: Coaching classes

Coaching classes Income of ICAI is exempt u/s 2(15)

By | June 6, 2016

Held The Institute as such merely it is receiving coaching fee from students for imparting education, cannot be said to have been carrying on business and accordingly it is not required to maintain separate books of accounts as alleged by DIT(E). The income of the coaching classes earned by the assessee institute is within its… Read More »