IT return of non charitable trust
This query is : Resolved
12 February 2017
Which form has to be filed for IT Return of non charitable trust and what is the tax slab
12 February 2017
ITR-7, For exemption and tax liability please go through Sections 11 and 12 of IT Act.
12 February 2017
File ITR 5 as it is a non charitable trust. Maximum marginal rate applicable if any member of the trust having taxable income.
13 February 2017
Please refer "exemptions to charitable trusts and institutions" ministry of Finance, Department of revenue- 27th Report (2015-16) of Public accounts Committee. This document is available in the internet.
13 February 2017
Mr. Radhakrishnan see the query it is a non charitable trust.
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