Filing tax for trust

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 November 2017 Hello friends,
We have a preprimary school registered under a trust so i believe that the tax return has to done via trust.. As the pan is in trust name ... Wanted few guidlines as to what paper and books are required for the same .. is having a tally important ..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 November 2017 Having Tally will save man power in maintaining accounts. Up to one crore gross receipts for school run on no profit motive no tax payable and no need to file income tax return.

Querist : Anonymous

Querist : Anonymous (Querist)

01 November 2017 thank you sir,
But now as a trust has been opened and we have got a pan card made for the trust ..so all the school fee receipt has trust name ..so wouldn't it be necessary to file return.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 November 2017 Yes file return and claim exemption 10(23C)(iiiad)

Querist : Anonymous

Querist : Anonymous (Querist)

01 November 2017 Do I need to approach a CA for this or can it be done online by submitting the details.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 November 2017 Yes you can do it online.

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2018 sir is GST mandatory ... and can we file return online without getting audited by a CA ...