Co.operative bank as trust ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2014 One of my client is registered as trust in income tax department as per PAN status. but its working as a CO.OPERATIVE BANK.
what is the circumstances while filing the income tax return as well as Tax audit report?
under which section the deduction is claimed as per 80P or 11/12?
will it not differ my report form income tax return and tax audit?

20 November 2014 01. Report the same in the tax audit report.
02. Going forward, ask the client to apply for the change in the status.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2014 under which section the deduction is claimed as per 80 P or 11/12? will it not differ my report form income tax return and tax audit?


20 November 2014 Wisdom prevails, what is the status? Is it a trust? Do you have the trust deed copy?
What the papers are speaking, accordingly you have to take the call.


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