Income Tax Return Form for Charitable Trust

This query is : Resolved

SUDHIR (Querist)
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18 September 2019 One charitable trust is registered under section 12 AA of Income Tax Act 1961 and 80 G for donation purpose. Its gross receipts were Rs. 1,72,650.00 during the F Y 2018-19. Now my questions are :
( a ) For filing the income tax return of this trust which form should be used ? ITR 5 or ITR 7 ?
( b ) Since the gross receipts of this charitable trust are less than Rs. 2,50,000.00 then Audit Report in Form 10 B is to be obtained or not ?
Kindly suggest.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 September 2019 1 File ITR 7.
2 Since the gross receipts of this charitable trust is less than Rs. 2,50,000.00 then Audit Report in Form 10 B is not required.

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