Easy Office
LCI Learning

trust

This query is : Resolved 

30 May 2016 Plz reply - Trust is required to file itr and get it is account audited only when its income exceeds maximum amount not chargeable to tax I.e .Rs. 250000? If income less than Rs 250000 then no itr needs to be filled?

31 May 2016 As per section 139(4C) of income tax act, a charitable trust require to file IT return if total income before allowing exemption u/s 11&12 exceeds the basic exemption limit that is chargeable to tax in india for the relevant financial year for which charitable trust is filing income tax return..

If your situation satisfies above condition may not require to file income tax return

Hence if it satisfies



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries