Taxable income of aop
This query is : Resolved
Rajib Saha
(Querist)
11 June 2014
respected advisers
our organisation is registeted u/s 12/A & we act as an society,our pan based on AOP. submit nil returns in ITR 7
due to accounting policies we still unable to finalised our ac since 2011-12.
my query is there any limit of profit earned
(let our gross receipts 30 lacs & we spend 25 lacs,i.e. more than 85%, is this 5 lacs is taxable & if yes then what is section in which it is taxable & tax amt how much.
plz plz reply
rajib
kolkata
11 June 2014
then u can apply for extention to charity commisioner for application of 5 lakhs income to be applied next year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
