Charitable trust

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jayam (Querist)
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29 May 2015 I have an assessee who is a Trust registered as charitable trust under income tax act, and they have received an intimation u/s 143 (1) demanding the tax of Rs. 4500/-at individual slab rate (Their income is 245000/- Application is 250000/-)

How can we determine The base on which the Dept has levied tax ?? Is there any provision as to apply the individual tax rate to Charitable trust? How to move forward, can any one help me?

JAya

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 May 2015 Probably you have not complied with the requirement of filing of return for charitable trust. Check the status in the intimation. Have you filed audit report.

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Rupesh Jain

Rupesh Jain (Expert)
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29 May 2015 pls check when you file ITR. it possible you have not mention its registered truxt.

jayam

jayam (Querist)
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29 May 2015 Is it mandatory to file the Audit Report along with ITR? The issue relates to A.Y.2013-2014

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 May 2015 You should have filed the return in ITR7 accompanied by audit report in form 10B.

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