Itr 7- defective return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2015
My Client is an AOP(TRUST)has got Receipts of Rs 500000/- and Filed a Return in Form 07, Now A Notice Received Declaring Defetive Return Error Code 57, The Income Exceeds 2 Lacs and audit Flag is NO (RETURN HAS BEEN FILED A Y 2014-15 on Jan 2015,
Now What Assessee can do, It has to File Corrected Return u/s 139(9)
The Trust is not Registered U/S 12 and not being availed any benefit under Section 11, 12
Now What Assessee can do, It has to File Corrected Return u/s 139(9)
The Trust is not Registered U/S 12 and not being availed any benefit under Section 11, 12
03 June 2015
If trust is registered u/s 12A and enjoined benefit u/s 11 , audit is mandatory since income exceeded the threshold and audit report u/s 10 B also has to be filed electronically.
If so e-file corrected ITR-7 u/s 139(9).
If so e-file corrected ITR-7 u/s 139(9).
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2015
The Trust is not Registered U/S 12A and not enjoying benefit U/s 11,
05 June 2015
1. If the trust is not registered u/s 12A, PAN should have been obtained in the status AOP and return should have been filed in form ITR-5.
2. Since status is AOP(TRUST), ITR -5 can't be filed. So ITR-7 may be suitably rectified and file electronically.
2. Since status is AOP(TRUST), ITR -5 can't be filed. So ITR-7 may be suitably rectified and file electronically.
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