Itr 7
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2015
Hello
we have filed a ITR 7 of a Trust. now we received an intimation u/s 139(9). It says that opportunity is given to rectify the errors in ITR. Now when filing the rectified return if trustees are changed should i change all that or is it enough that rectify the errors & file rectified return. Also plese send me some filled ITR 7 for reference.
Thank You
we have filed a ITR 7 of a Trust. now we received an intimation u/s 139(9). It says that opportunity is given to rectify the errors in ITR. Now when filing the rectified return if trustees are changed should i change all that or is it enough that rectify the errors & file rectified return. Also plese send me some filled ITR 7 for reference.
Thank You
15 June 2015
there is no problem you have to file rectified return with present trustee.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2015
present trustee means one who signed original ITR or Trustee holding office on this date.?
02 August 2024
### Handling Intimation Under Section 139(9) for Trusts (ITR-7)
When you receive an intimation under Section 139(9), it indicates that there were some errors or discrepancies in the originally filed ITR-7, and you are given an opportunity to rectify these errors.
### **1. Rectification of Errors:**
- **Identify Errors:** Carefully review the intimation under Section 139(9) to understand the specific errors that need correction.
- **Rectification Return:** File the rectified return addressing the errors mentioned. You should include all necessary corrections.
### **2. Trustee Information:**
- **Trustee Details:** The details of the trustees included in the rectified return should ideally reflect the trustees as of the date the rectified return is filed. If there have been changes in trustees, you should update the trustee details to reflect the current trustees at the time of filing the rectified return.
- **Current Trustees:** It is essential to update the trustee details to reflect the current trustees who are in office as of the date of the rectified return. This ensures accuracy and compliance with the latest trustee information.
### **3. Filing the Rectified Return:**
- **Original Return Reference:** When filing the rectified return, ensure you reference the original return's details.
- **Attach Necessary Documents:** Include any necessary documents or explanations to support the rectification.
- **Submission Method:** File the rectified return electronically, as per the regulations.
### **4. Trustee Signatures:**
- **Signature of Trustees:** The rectified return should be signed by the trustees who are currently in office at the time of filing the rectified return. The trustees who signed the original return should be replaced with the current trustees if there has been a change.
### **5. Reference for Filled ITR-7:**
Unfortunately, I can't provide specific filled examples of ITR-7 forms directly. However, you can follow these general guidelines:
- **For Examples:** You can refer to the Income Tax Department's official website or consult with a tax professional for sample filled ITR-7 forms. Many professional tax websites and forums also provide filled sample forms for reference.
- **Consult a Professional:** If you're unsure about any specific fields or need assistance with the rectification process, it’s a good idea to consult with a chartered accountant or tax professional.
### **Summary:**
- **Update Trustee Information:** Reflect the current trustees in the rectified return.
- **Rectify Errors:** Address all errors pointed out in the intimation.
- **Signature:** Ensure the rectified return is signed by the current trustees.
- **Filing Method:** File electronically as per guidelines.
If you need further assistance or have more questions about specific fields in the ITR-7 form or the rectification process, feel free to ask!
When you receive an intimation under Section 139(9), it indicates that there were some errors or discrepancies in the originally filed ITR-7, and you are given an opportunity to rectify these errors.
### **1. Rectification of Errors:**
- **Identify Errors:** Carefully review the intimation under Section 139(9) to understand the specific errors that need correction.
- **Rectification Return:** File the rectified return addressing the errors mentioned. You should include all necessary corrections.
### **2. Trustee Information:**
- **Trustee Details:** The details of the trustees included in the rectified return should ideally reflect the trustees as of the date the rectified return is filed. If there have been changes in trustees, you should update the trustee details to reflect the current trustees at the time of filing the rectified return.
- **Current Trustees:** It is essential to update the trustee details to reflect the current trustees who are in office as of the date of the rectified return. This ensures accuracy and compliance with the latest trustee information.
### **3. Filing the Rectified Return:**
- **Original Return Reference:** When filing the rectified return, ensure you reference the original return's details.
- **Attach Necessary Documents:** Include any necessary documents or explanations to support the rectification.
- **Submission Method:** File the rectified return electronically, as per the regulations.
### **4. Trustee Signatures:**
- **Signature of Trustees:** The rectified return should be signed by the trustees who are currently in office at the time of filing the rectified return. The trustees who signed the original return should be replaced with the current trustees if there has been a change.
### **5. Reference for Filled ITR-7:**
Unfortunately, I can't provide specific filled examples of ITR-7 forms directly. However, you can follow these general guidelines:
- **For Examples:** You can refer to the Income Tax Department's official website or consult with a tax professional for sample filled ITR-7 forms. Many professional tax websites and forums also provide filled sample forms for reference.
- **Consult a Professional:** If you're unsure about any specific fields or need assistance with the rectification process, it’s a good idea to consult with a chartered accountant or tax professional.
### **Summary:**
- **Update Trustee Information:** Reflect the current trustees in the rectified return.
- **Rectify Errors:** Address all errors pointed out in the intimation.
- **Signature:** Ensure the rectified return is signed by the current trustees.
- **Filing Method:** File electronically as per guidelines.
If you need further assistance or have more questions about specific fields in the ITR-7 form or the rectification process, feel free to ask!
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
