22 March 2014
Dear Sir, I am trying to upload the return of A TRUST , I have a query regarding the above organization with the following facts: 1. This trust is registered under Societies Act,1860
2. The Pan No. allotted to the organization is AAALG05694P and the fourth digit is L which signifies local authority.
3. The organization had been allotted certificate U/s 12A of the Income Tax Act,1961.
Which Income Tax From is applicable to the organization for income tax purpose.
24 March 2014
This is a vexed issue. System will not accept ITR-7 with PAN having L as 4th letter. ITR-5 is possible but section 11 benefit can't be filled therein.
CAclubindia
