Itr form
This query is : Resolved
02 October 2018
A private family trust is liable for Tax Audit u/s 44AB for A.Y. 2018-19. Accordingly the due date for filing return for its sole 100% Beneficiary, Mr. A would be 15th of October 2018, after giving extension by CBDT.
Now which ITR Form would be applicable for ite sole 100% Beneficiary wherein it could be shown that due date of filing return is 15/10/2018 . Please suggest urgently.
Now which ITR Form would be applicable for ite sole 100% Beneficiary wherein it could be shown that due date of filing return is 15/10/2018 . Please suggest urgently.
KAVIRAJA ADDANGADI
(Expert)
02 October 2018
Beneficiary-A can not claim benefit of u/s 44AB due date should be 31st August not 15th October.
KAVIRAJA ADDANGADI
(Expert)
03 October 2018
Only partnership partner can claim benifit since Remuneration allowed based on profit. But same not case for any other entity.
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