Income Tax Return Form for Charitable Trust
This query is : Resolved
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.
( 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.
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- Dep. as per companies act
- Renovation exp. in flat by family member
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
