Return of Trust

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Rishi Agrawal (Querist)
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15 May 2016 There is one Charitable Trust registered under Societies Registration Act, 1860 as a Charitable Trust. However, the same is registered under Income Tax as trust but not u/s 12AA of the Income Tax Act. How will the return be filed of the Trust and what will be the Tax implications. Can the Trust be governed as society and tax slab be applicable as that of society?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 May 2016 The trust will be treated as AOP and file ITR 5. Slab rate applicable if non of the trust members have taxable income.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 May 2016 The trust will be treated as AOP and file ITR 5. Slab rate applicable if non of the trust members have taxable income.

Rupesh Jain

Rupesh Jain (Expert)
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16 May 2016 for ITR -5 to be used due t no registered under income tax deptt.

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