Kindly suggest about the applicability of Tax Audit U/s 44AB in a registered trust running a Public School, having receipts over 1 crore but not exempted u/s 12BA, also which IT form wiil be used to file its return 5 or 7?
Regards
CA Vijay Kr. Sharma (Chartered Accountant) (24 Points)
15 September 2015Kindly suggest about the applicability of Tax Audit U/s 44AB in a registered trust running a Public School, having receipts over 1 crore but not exempted u/s 12BA, also which IT form wiil be used to file its return 5 or 7?
Regards
Miss Rinkal
(Student)
(1304 Points)
Replied 24 September 2015
manish jain
(sr associate)
(63 Points)
Replied 24 September 2015
Yes, the trust is comes under the preview of tax audit.......it should be file ITR 7....
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