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Trust

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Querist : Anonymous (Querist)
31 August 2013 At what rate of income tax to be paid by the Trust having not registered under section 12A of the IT Act on its Total Income.

If the Grosss receipts of that Trust exceeds the prescribed limit specified under 44AB, whether it is required to conduct tax audit
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 August 2013 Ans 1.Rates as applicable for non senior males.

Ans 2.Yes tax audit in such case is applicable even for trust.
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