08 September 2025
what is the due date for filing of income tax returns of a pvt family trust? itr form no.? the trust has been formed on 31/3/2025 documents reqd what is the bascis exemption limit for trust
08 September 2025
The due date for filing the income tax return for a private family trust for FY 2024–25 (AY 2025–26) is 15th September 2025 if its accounts are not required to be audited; if audit is required, the due date is 31st October 2025. The appropriate ITR form is generally ITR-5 for private trusts, unless it falls under specific sections that require ITR-7. For a trust formed on 31/3/2025, the documentation includes the trust deed, PAN card, financial statements, bank statements, registration certificate (if applicable), and audit report (if required). The basic exemption limit for a trust is ₹2,50,000; income above this threshold must be reported and may trigger tax and audit requirements.
08 September 2025
Non-audit case: 15th September 2025 Audit required: 31st October 2025 Belated return: 31st December 2025 These dates apply for FY 2024–25 (AY 2025–26) due to recent extensions.
ITR-5: Used by private trusts not covered under Sections 139(4A)-(4F). ITR-7: Used by certain trusts covered under Sections 139(4A)-(4F), especially charitable or religious trusts.
08 September 2025
If the trust’s income (before exemptions/deductions) exceeds ₹2,50,000, a tax audit is mandatory and the return must be e-filed with a digital signature.
Since the trust was formed on 31/3/2025, returns for FY 2024–25 should account for any income from the date of formation.
Belated/revised returns can be filed until 31st December 2025, with late fee and interest as applicable.
This covers compliance, deadlines, forms, and documentation for a private family trust recently set up in India.