Facts:
- Trust is created for the benefits of employee by a company
- Trust provides medical assisstance to the employee and its dependents for the cost of medical treatment
- Trust has obtained registration under section 10(23AAA) of the Income Tax Act
- The Trust has received initial corpus fund from the Company and further receives a monthly contributions from all it members (employees of the company who has opted to become the member)
Questions:
- Which form of ITR should be used for filing the returns of the trust
- How and where do we need to disclose the income exempt u/s. 10 (23AAA) -(Income = contributiuon minus the benefit settlement made by trust during the year)
Please help me out with the answers along with supporting justifications/judicial pronouncements (if any)