Computation of taxable income of trust


19 December 2014 Hi...
I have One trust which run one educational institute ...And No certificate of 12A or 80G...

At the time file of ITR 7 of AY 2013-14 shown Income Rs 42000..

In Intimation 143(1) demand Of Rs 17000 (i.e. 30% flat + Intrest)

Please Give me solution for tax Demand.....

19 December 2014 As you have not registered u/s 12A you can't file your return ITR 7. First register u/s 12 A and then file ITR 7. Till registration file ITR 5.
File rectification u/s 154.

19 December 2014 you can file itr -5 and can file rectification u/s 154

19 December 2014 So, As per rectification u/s 154.
My tax is payable or Not ?????????


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