Education taxation

I want to know about the Education taxation benefits in the US benefits taxation and want to know about the studies of the Taxation in US, so can u tell me the institutes that provide this course and what the qualification is requires for this education and tell me the admission process.

I am interested in the field of Education of Taxation searching for details about this course. Will you provide details of Taxation Education in Secondary Schools so that I get complete details about this?

Tax credits, deductions and savings plans can help taxpayers with their expenses for higher education.

A tax credit reduces the amount of income tax you may have to pay.

A deduction reduces the amount of your income that is subject to tax, thus generally reducing the amount of tax you may have to pay.

Certain savings plans allow the accumulated earnings to grow tax-free until money is taken out (known as a distribution), or allow the distribution to be tax-free, or both.

Please find the below attached file for details of Taxation Education in Secondary Schools

Taxation Education in Secondary Schools Details






Exemptions available to Institutions

Income from education is wholly exempt from GST if a charitable trust is running a school, college or education institution for abandoned, orphans, homeless children, physically or mentally abused persons, prisoners or persons over the age of 65 years or above residing in a rural area.

Government or local authority or governmental authority carrying on the activity of education is exempted from GST as this is not included in the ambit of supply of services. For Example – Government schools / Municipal schools.

Education provided by below are also Exempted Under GST:

a. National skill development corporation set up by the Indian government

b. National skill development corporation approved sector skill councils

c. National skill development corporation approved assessment agencies

d. The national skill development programs approved by NSDC Vocational skill development program approved under national skill certification and monetary reward scheme

e. Any scheme implemented by NSDC with training partners

4. Exemption has also been granted to the services provided by the IIM–

a. 2 year full-time residential PG programs in Management for Post Graduate Diploma in Management, admission in which is granted via CAT

b. Fellowship programs in Management

c. 5 Year Integrated Programs in management studies (but excludes the Executive Development Program).

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Answered By StudyChaCha Member