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Endowment trust itr?

sivakumar (Asst Manager - F&A) (324 Points)

01 August 2014

Hi,

We are Endowment Trust. This trust created for Employees Gradutity Fund . Kindly advice which ITR form should we use? ITR 5 or ITR 7

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5 Replies

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 01 August 2014

itr 7 is applicable for trusts.

1 Like

sivakumar (Asst Manager - F&A) (324 Points)
Replied 02 August 2014

Thank you. But while we submit ITR7 ti IT department , they refuse it and ask ITR 5. pls suggest

(Guest)

ITR -7 for trust

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 02 August 2014

it is mandatory to file itr-7 online. it cant be filed manually.

1 Like

sivakumar (Asst Manager - F&A) (324 Points)
Replied 23 August 2014

Dear All,

Thank you for reply. Now new prbolem arise. We can claim excemption u/s 10(25). But the ITR 7 Form has not this section. It is mandatory field. How can we select excemption section?. I spoke with CBDT help desk through mail and telephone. But nobody answer to this point. Please any one suggest. shall we select any of the available excemption sections from the list.

Our income is Interest on Gratuity. Please find attachement for available sec in ITR 7

Attached File : 334513 1356721 excemption sec.pdf downloaded: 117 times