Charitable & religious trust

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Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2015 A Trust that has not registered u/s 12A, but applies its 100% reciepts as expense and purchase of fixed assets, claim exemption u/s 11.
trust has applied for registration within 1 year of its incorporation for registration u/s 12A. what will be the consequence of rejecting the application by I.T Commissioner?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 March 2015 if it is not reggistered under present incoe tax act as trust then no exemption can be claimed in this case

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Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2015 but trust has already been applied for registration u/s 12A, then how it will file its return. the act says exemtion is available from the date of applying for registration.