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Ravi Joshi (Querist)
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16 June 2015 Please advice me for the following:
we are an approved group gratuity trust having a income of around 25 lac's

Please advice
1. which IT return form should be file, considering the fact that ITR 7 is to be filed by Trust claiming exemp U/s 11 and 12, where as GG trust does't belongs to said section's

2. whether there is any mandatory requirement for Tax audit by such trust.

3. we hav filed ITR 7 for the above, but the same is brought out as default return U/s 139(9), as the income is above 2 lac and Audit Flag In ITR 7 shown as NO.

It is urgent Please advice

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2015 you actually have filed a wrong return. You should have filed ITR-5 and claim exemption under 10(25)(iv)

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Ravi Joshi

Ravi Joshi (Querist)
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17 June 2015 Thank you Nikhil
can u guide me about the tax audit requirement's of same while filing ITR 5 for the EPF turst. And how to claim the exemption through the said return.

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