Section 25 company

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This query is : Resolved

Guest

Guest (Querist)

18 September 2013
Hi,

Someone may please see the following and if possible, give reply:

Query 1

Whether Section 25 Company should file online ITR-7 or it should use ITR-6 for AY 2013-14. Please confirm.

Ans : ………………..

Whether Section 25 Company is eligible to register under Section 12A and Section 80G of Income Tax Act.

Ans : ………………..

Thanks in advance for your replies.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 September 2013 For a section 25 company to claim status of a charitable organization, it needs to register itself with income tax authorities under section 12A.

Once the registration is done, the company should file return in ITR7.

If the registration is not done, the company may file return in ITR6.

registration under 80G is not compulsory but advisable as it helps in raising more funds.

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