Taxatiin of Trust
This query is : Open
Raju Miskin
(Querist)
26 October 2017
Dear sirs,
A Trust not registered under sec 12A having income of Rs 20 lacs for the AY 2017-18
in this case on which rate i have to compute tax liability? either on Normal rate or MMR?
and which ITR to be filled?
CA R SEETHARAMAN
(Expert)
26 October 2017
ITR 5 has to be filed MMR is applicable if any of the members of the trust having taxable income otherwise slab rate applicable.
Raju Miskin
(Querist)
26 October 2017
Thank u sir, But trusts have to fill ITR 7 na
CA R SEETHARAMAN
(Expert)
26 October 2017
Only trust registered under 12A has to file ITR 7.
Raju Miskin
(Querist)
26 October 2017
Ok sir thank u
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