Circular No. 17/2015 (Exemptions) — Exemption u/s 10(23C) — educational institutions
Date: 2015-01-01 Status: ACTIVE Category: Exemptions Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Guidelines for exemption of educational institutions under section 10(23C).
Key Directions
- Institution must exist solely for educational purposes.
- Approval required from PCIT/CIT for annual receipts exceeding Rs.5 crore.
- Accumulation beyond 85% of income not permitted.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 10(23C) | 19 | Yes |
Cross-References
Act Sections
- Section 10(23C)
- Section 19
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars