25 March 2008
1. This section states that return of income need not file if the total income is less than the maximum amount not chargeable to tax. So is there no liability to file return if total income is below 1,10,000/- for FY 2007-08. 2. Is this section applicable to societies also.
25 March 2008
Dear Anshuman section 139(4A)deals with filling of return by a charitable institution and trust ,so the section talks of filling of a return by a charitable trust or institution where the income of such entity before clamming exemption under section 11 and 12 exceed maximum income no chargeble to tax ,Section provides for filling of return in form no.3A.Thus the section not by any way talks abt not filling of return
CAclubindia
