Goshala


This query is : Resolved 

Quick Summary
This discussion addresses how to handle IT returns and accounts for a Goshala registered via trust deed but not under Section 12AA of the Income Tax Act. It clarifies that without 12AA registration, the Goshala cannot file returns under that section and will be liable for tax on donations and milk sales. Filing ITR-5 and paying applicable taxes is the advised route if not registered.

17 March 2021 I have a client, he was running goshala registered with a trust deed at register office and not registered as per sec 12AA of income tax act so how can I proceed in IT returns and books of accounts and can I register under sec 12AA or can i file return without registration under 12AA and how to treat the income from donations and sale of milk

17 March 2021 Without registration you can't file ITR under 12AA.
Tax payable on donation and profit on sale of milk

17 March 2021 can i file ITR 5 without registered in 12AA

17 March 2021 Yes file ITR 5 and pay taxes.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now





Unanswered Queries



CCI Pro



Answer Query



Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details