Income tax on trust
This query is : Resolved
Dolly Jain
(Querist)
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
Read more at: https://www.caclubindia.com/forum/income-tax-322915.asp
18 March 2015
then you can file an appeal against the same.
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