Notice u/s 143(1)

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Jayachandran (Querist)
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28 September 2015 We are a registered trust operating for the welfare of women from low income groups. We have not yet registered under Sec12A. We have submitted our accounts to IT for the year 2013-14, on which a demand notice is issued, which requires us to pay a tax of Rs 49110/-. During the assessment year, we have received voluntary contributions to the extent of Rs 125724/-, of which we have spent Rs8609/- towards elderly care, which is an objective of the trust and made a provision for RS 83048/- to cover rental, audit and accounts and elderly care. However, the IT has not considered the expenses and taxed the entire contribution. Since this is a trust owned and run by women from low-income groups, it is highly to difficult to bear the tax. Now, we are planning to go for registration u/s 12A. Hence, we need suggestions and advise to address this issue. One of our expert suggested to go for rectification request. Is it mandatory to pay the IT demand before the rectification request? Shall the non registration under sec 12A deprive the consideration of expenditure in total? We need more clarity on this. Could any one help us?Thanks in advance
R.Jayachandran
Jayasdc@gmail.com
9444902217

Amol S Joglekar

Amol S Joglekar (Expert)
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28 September 2015 There is something SERIOUS wrong in the processing PROGRAMME of income tax department.

They are not considering the cases of TRUST where the shares of the beneficiaries are INDETERMINATE, while processing the returns.

Please file RECTIFICATION request at your early convenience.

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