Your appointment has been confirmed and
you should receive a confirmation email soon.
Section 10(23C) of the Income Tax Act is a 100 % tax exemption available to all universities, educational institutions, hospitals and medical institutions.* Avail Finango’s services and get your 10(23C) Registration.
Purchase a plan for expert assistance
Provide documents to our experts
The Certificate will reach your doorstep
Various institutions are exempted to pay taxes on their revenues because they work for a greater social cause and not merely for the sake of profits, such as the Prime Minister’s National Relief Fund. Several other funds and schemes initiated by the Government of India come under this purview. Clause 23(C) of section 10 of the Income Tax Act provides full tax exemption on income received by various nonprofit universities, educational institutions, hospitals or any other medical institution. Finango takes away all the stress from the hands of the applicants and gets the work done for them in a very cost-effective and efficient way. With Finango there are absolutely no worries and the process is transparent and fast.
All nonprofit universities, educational institutions, hospitals or any other medical institution.
This registration shall be valid for 3 years as a provisional registration, after this nonprofit institutions will have to apply for final registration which will be valid for 5 years.
The overall process may take upto 3 Months depending upon the processing done by the Income Tax Department.
Note: – All the documents have to be self-certified
Note:- All the documents have to be self-certified
All Government and non-government universities, educational institutions, hospitals and medical institutions working for non-profit objectives, if they want to claim an exemption under the Income Tax Act.
It’s completely online so; it doesn’t require your physical presence at any stage.
Application has to be filed in Form 10A on income tax portal.
In case of fresh registration, initially the department grants only provisional registration which is valid for 3 Years. Only after 3 years final registration can be obtained.
In the case of fresh registration, the department has to grant registration within 1 month from the end of the month in which the registration application is uploaded.
No, trust/institution is not entitled for exemption in the first year of operation.
Yes, trust/institution can modify its objective but then it has to re-apply under section 10(23C) for registration.
Can we take benefits of 12A and 10(23C) simultaneously?
Validity of the new 10(23C) registration is 5 years.