Income tax on trust

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Dolly Jain (Querist)
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18 March 2015 Hello Everyone, There is Trust who had suffered losses in F.Y 12-13 i.e A.Y 13-14 and has filed the ITR in time.Now the Trust has has received 143(1) in which a demand for of Rs.100000/- has been raised. But all the exps made by the trust are for Charitable Purposes only. In 143(1) it said that in case of Demand, this intimation may be treated as Notice of Demand under section 156 of the Income Tax Act, 1961, but we do not agree with the demand. Please let me know the best possible Remerdy for it

Read more at: https://www.caclubindia.com/forum/income-tax-322915.asp

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 March 2015 then you can file an appeal against the same.

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