Audit of a public charitable trust
This query is : Resolved
23 March 2019
Dear Experts,
I am having a public charitable trust for which we have never applied for 80G & 12AA. There;s no registration with any gov't body at all.
do we have to file ITR 7 or ITR-5 in this case?
also please suggest does it need to undergo any kind of Audit?
Regards,
I am having a public charitable trust for which we have never applied for 80G & 12AA. There;s no registration with any gov't body at all.
do we have to file ITR 7 or ITR-5 in this case?
also please suggest does it need to undergo any kind of Audit?
Regards,
CA R SEETHARAMAN
(Expert)
24 March 2019
You have to file ITR 5 if you have taxable income. Audit not required if your gross receipts doesn't exceed 1 crore.
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