Itr form for filing return of school under trust
This query is : Resolved
ROHIT KUMAR GUPTA
(Querist)
19 March 2018
how to file itr for a school formed under a trust.?audit of trust has been done.
trust and school are separate assessee and return of trust has already been filed.
now i have to file return for school, so which form should i use for filing return of school for assessment year 2015-16 & 2016-17
trust and school are separate assessee and return of trust has already been filed.
now i have to file return for school, so which form should i use for filing return of school for assessment year 2015-16 & 2016-17
CA R SEETHARAMAN
(Expert)
19 March 2018
School is formed under trust so school can't be a different entity. File return of trust including the school.
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ROHIT KUMAR GUPTA
(Querist)
19 March 2018
but sir school is having its own pan card
CA R SEETHARAMAN
(Expert)
19 March 2018
School formed under trust so school can't have separate PAN.
Message likes :
2 times
CA ANUBHAV
(Expert)
19 March 2018
agreed with the expert advice and you have taken wrong PAN in the name of school...
ROHIT KUMAR GUPTA
(Querist)
21 March 2018
ok s9ir, but if school is not formed under trust and it has its status of AOP as par pan card then which form of itr should be filed ? kindly help
CA R SEETHARAMAN
(Expert)
21 March 2018
File ITR 5............
CA R SEETHARAMAN
(Expert)
21 March 2018
School gross income exempt u/s 10(23c)(iiiad) up to 1 crore.
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