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Taxability of trust not registered u/s 12a of it act,1961

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2015 Please suggest for the situation..

There is one trust carry on activities like purchase and sale of books and publication of news papers. Not registrted u/s 12A of IT act.

What procedure to be followed relating to IT return and Audit????

Please reply

Thanks in Advance..
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 December 2015 Treat it as AOP and file ITR 5. No tax audit required if turnover is less than 1 crore.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2015 Hello Seetharaman Sir,
Sir Please suggest me,
Can we merge one trust in to another ???

if yes, what is procedure we can follow ???



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 December 2015 Can be merged consult CA near by.

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