Question ID : 870

taxability of socities

Dear friends,
please tell me what is the status come tax act respect of educational society registered under socities registration act 1860.what will be the tax liability under come tax act if the society has not taken exemption from come tax department.receipts are less than rs.one crore a year.can members of society take rent and sary from society.please discuss this query alongwith sections of come tax act and society registration act 1860 '

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