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Order for approval granted to Shakur Panama Child Educate Institute under Income Tax Act 1961 for A 2022-23 to A 2026-27 with specific conditions.
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What is form no 10ac?
Form No 10AC is a form used in India by certain entities to apply for approval of a charitable organization or institution for exemption under Section 10(23C) of the Income Tax Act.
Who is required to file form no 10ac?
Charitable and religious institutions in India seeking approval for income tax exemption under Section 10(23C) are required to file Form No 10AC.
How to fill out form no 10ac?
To fill out Form No 10AC, applicants need to provide details such as the name of the institution, its address, the nature of activities, and financial information, and submit it online through the Income Tax Department's e-filing portal.
What is the purpose of form no 10ac?
The purpose of Form No 10AC is to obtain approval from the Income Tax Department for an institution to claim tax exemption on the income generated from its charitable activities.
What information must be reported on form no 10ac?
Form No 10AC requires reporting information such as the applicant's name, address, PAN, the nature of the institution's activities, financial details, and relevant documents proving charitable purpose.
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