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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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).

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2015 The Trust is not Registered U/S 12A and not enjoying benefit U/s 11,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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