09 February 2013
suppose one new charitable trust is registered in F.Y.2011-12 & it has incurred the some expenses < Rs.50000 for day to day exps.in society office by taking advance from trustee & I&E A/c shows deficit. Q.1)Can society register for 12A now? Q.2)Can trustee get their advance refund in future if society has surplus? Q.3)Is it compulsory to get audit books of A/Cs & filing return if society want to carry forward the deficit & set off in future? Q.4) If yes, then what is the last date for return filing?
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