Regarding income tax return filing for private trust.
This query is : Resolved
02 January 2015
Dear sir,
When do the private trust have to file their income tax return (they do not have 12A & 80G) and what is the income limit crossing which they have to file their Return and Which ITR ?
When do the private trust have to file their income tax return (they do not have 12A & 80G) and what is the income limit crossing which they have to file their Return and Which ITR ?
02 January 2015
ITR 5 has to be filed. Income limit for filing return depends on income sharing ratio of trustees and their taxability.
02 January 2015
It is always advisable for the private trusts to file ITR.
ITR 5 or ITR 7 may be filed, as the case may be
The date of filing return is as specified u/s 139
ITR 5 or ITR 7 may be filed, as the case may be
The date of filing return is as specified u/s 139
07 January 2015
Dear Sir,
What is the Return(ITR) that needs to be filed for private Discretionary Trust for the A.Y 13-14 ?
What is the Return(ITR) that needs to be filed for private Discretionary Trust for the A.Y 13-14 ?
07 January 2015
File ITR 5..................
07 January 2015
But ITR 5 is not showing the option of Private Trust in Ststus where as ITR 5 for the A.Y 14-15 is showing that option.
08 January 2015
No problem you have to file ITR 5 only choose AOP.
09 January 2015
The status of private discretionary trust is AOP...
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