Return of Trust
This query is : Resolved
Rishi Agrawal
(Querist)
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
(Expert)
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
(Expert)
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
(Expert)
16 May 2016
for ITR -5 to be used due t no registered under income tax deptt.
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