Return for itr 7

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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2015 WHEN TRUST NEED TO FILE RETURN ?

Taxguy

Taxguy (Expert)
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23 July 2015 Depends upon the income and other parameters related to compliance and regulations.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2015 Does any income limits present to the trust?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

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21 July 2025 For trusts, filing Income Tax Return depends on their income and registration status:

If the trust is registered under Section 12A/12AA/80G:

The trust must file an ITR-7 return if it has any income or is required to file for claiming exemptions.

If the total income exceeds the basic exemption limit (which varies depending on the trust's status and residential status), filing is mandatory.

Income Limits:

Generally, trusts must file return if their total income (after allowable deductions) exceeds ₹2,50,000 (for individual trusts) or relevant exemption limits.

If a trust has income exempt under Sections 11 and 12 and does not exceed exemption limits, return filing may still be required to maintain compliance and registration.

Even if income is NIL, trusts often file returns to maintain compliance and claim or continue exemption status.

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