Aop or trust
This query is : Resolved
22 September 2013
Sir/Mam,
i) A Society regd under society act 1860 is trust or aop in income tax ?
ii) Which itr form to be used for this ?
iii) If receipt is more than 1 crore, which audit is reqd 44ab or form 10B ?
iv) if regd or not regd under section 12A then how return can be filed ?
v) Society is regd under 1860 act and not regd as trust. No property is held or there is no trustee, all are members. then form itr 5 should be applicable. but is there any clause in itr 5 for regn under section 12A/
Please help as the last date is 30th sept.
i) A Society regd under society act 1860 is trust or aop in income tax ?
ii) Which itr form to be used for this ?
iii) If receipt is more than 1 crore, which audit is reqd 44ab or form 10B ?
iv) if regd or not regd under section 12A then how return can be filed ?
v) Society is regd under 1860 act and not regd as trust. No property is held or there is no trustee, all are members. then form itr 5 should be applicable. but is there any clause in itr 5 for regn under section 12A/
Please help as the last date is 30th sept.
22 September 2013
1. AOP
2. ITR-5
3. If the activity comes under'business', 44AB audit is mandatory. Form 10B doesn't apply not being a 'trust'.
4. If 44AB applies,in view of clause 3 above, electronic filing is mandatory.
5. No.
2. ITR-5
3. If the activity comes under'business', 44AB audit is mandatory. Form 10B doesn't apply not being a 'trust'.
4. If 44AB applies,in view of clause 3 above, electronic filing is mandatory.
5. No.
22 September 2013
Harjeet Sahab,
If you are a charitable society registered under 12AA/12A, then File ITR7. Audit report shall be in Form 10B. Online filing is compulsory. Also, ITR7, also needs to be filed online.
If you are a charitable society registered under 12AA/12A, then File ITR7. Audit report shall be in Form 10B. Online filing is compulsory. Also, ITR7, also needs to be filed online.
11 October 2013
Thanks to all
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