Itr 7 filing after due date
This query is : Resolved
08 November 2018
What are the consequences of belated filing of income tax return for a trust having registration u/s 12A and claiming exemption u/s 11 ?
08 November 2018
As per the provisions of the Act, if the Trust fails to file it's Return of Income within the due date prescribed, the Trust loses its exemption status by operation of law u/s 11
08 November 2018
Benefit of section 11 will be lost.
10 November 2018
Is it meant that the trust have to pay tax for the total income earned?
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