IT return of non charitable trust
This query is : Resolved
chirag mistry
(Querist)
12 February 2017
Which form has to be filed for IT Return of non charitable trust and what is the tax slab
Radhakrishnan K.V.
(Expert)
12 February 2017
ITR-7, For exemption and tax liability please go through Sections 11 and 12 of IT Act.
CA R SEETHARAMAN
(Expert)
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.
Radhakrishnan K.V.
(Expert)
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.
CA R SEETHARAMAN
(Expert)
13 February 2017
Mr. Radhakrishnan see the query it is a non charitable trust.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
CAclubindia
