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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2012 1. A Registered Charitable Trust has applied for PAN and wrongly quoted its status as AOP instead of Trust.
The PAN was alloted and TAN was also alloted on the same basis.
Now the AO is disallowing exemptions U/S 10 (23) as the same are not applicable to the AOP.

2. The Trust has some pending TDS Refund at Income TAx Office. How to made necessary changes in PAN?

Amol S Joglekar

Amol S Joglekar (Expert)

23 July 2012 A registered charitable trust is taxed as AOP. There is no separate ENTITY called as TRUST under Indian Income Tax. 10(23) exemption must have been denied by the A.O. on some other ground. Please make sure these reasons.

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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2012 Thanks for your reply.

In the PAN of Trust 4th digit should be "T" instead of "A" as in case of the Trust. The Income Tax software rejects the exemption. Thats why AO denied for deduction.

Is this required to get modification on PAN? if yes HOW?

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