Aop society
This query is : Resolved
15 February 2017
Hi,
AOP Registeresd under society but this AOP not motive earning Profit. Its Receipt use for Making Toliet in govt school and anathlay.
1.I want to know IT return file in Trust or AOP??
2. Reciept not full utilised in same year.So Income tax will be paid on receipt???
AOP Registeresd under society but this AOP not motive earning Profit. Its Receipt use for Making Toliet in govt school and anathlay.
1.I want to know IT return file in Trust or AOP??
2. Reciept not full utilised in same year.So Income tax will be paid on receipt???
15 February 2017
1 If registered u/s 12a of the income tax Act then file the ITR form 7 as trust else file ITR 5 as AOP.
2 Not registered as above gross receipt is taxable.
2 Not registered as above gross receipt is taxable.
15 February 2017
Thanks For giving good reply
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