Consequences of non-filing of form 10b
This query is : Resolved
05 December 2018
Plz clarify
If a trust registered under 12AA received Voluntary Contributions - 20,000 and towards Corpus Donation - 1,58,00,000 and it has Net loss of (45,000). My query is
1) Is it Mandatory to file Form 10B in this Scenario?
2)If failed to file Form 10B, then what are the Consequences?
If a trust registered under 12AA received Voluntary Contributions - 20,000 and towards Corpus Donation - 1,58,00,000 and it has Net loss of (45,000). My query is
1) Is it Mandatory to file Form 10B in this Scenario?
2)If failed to file Form 10B, then what are the Consequences?
CA R SEETHARAMAN
(Expert)
06 December 2018
1 yes it's mandatory to file 10b.
2 Not filed 10b corpus donation taxable.
2 Not filed 10b corpus donation taxable.
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