Filing of it returns for trust

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Shakthi (Querist)
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13 August 2013 1. Is it compulsory to file ITR 7 Audit report of trust electronically for the A.Y. 2013-14 ?

2. E filing of IT reutrns d mandatory for trusts?

Plese advice

Ganeshbabu K

Ganeshbabu K (Expert)
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13 August 2013 1)electronical filing is mandatory for those who are claiming 12A, AND 80G AND OTHER BENIFITS AND THOSE WHO REQUIRE TO AUDIT THEIR BOOKS AND GET 10B REPORT

REFER NOTIFICATION 34/2013 DATED 01.05.2013

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Shakthi

Shakthi (Querist)
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13 August 2013 I referred the notiffication.
But sir, doesnt the notifcation 34/2013 says "person other than s other than a company,
charitable trusts, political parties, scientific research associations, news paper agencies, colleges or
universities etc earning income of more than 0.5 million"

Doesnt that mean that trusts are exempt from mndatory efiling. Sorry can u further clarify.

Ganeshbabu K

Ganeshbabu K (Expert)
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16 August 2013 yES, I HAVE QUOTED WRONG NOTIFICATION..SORRY!!

PLEASE REFER AS BELOW,

Income Tax Department, on June 11, 2013 issued a notification by which make it compulsory to file e-Return (ITR-7) for all the entities who is enjoying benefit of Tax under section 12A of Income Tax Act.

INCOME-TAX (SEVENTH AMENDMENT) RULES, 2013 – AMENDMENT IN RULE 12 & SUBSTITUTION OF FORMS ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 AND ITR-7

NOTIFICATION NO. 42/2013 [F.NO.142/5/2013-TPL]/SO 1513(E), DATED 11-6-2013

AS PER ABOVE ITR7 TO BE FILED ELECTRONICALLY

Not only, Income Tax Return, but Audit Report and all the annexed statements must be filled in e-Format along with e-Return.

Thanks & regards
Ganesh babu k

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