trust
This query is : Resolved
30 May 2016
Plz reply - Trust is required to file itr and get it is account audited only when its income exceeds maximum amount not chargeable to tax I.e .Rs. 250000?
If income less than Rs 250000 then no itr needs to be filled?
31 May 2016
As per section 139(4C) of income tax act, a charitable trust require to file IT return if total income before allowing exemption u/s 11&12 exceeds the basic exemption limit that is chargeable to tax in india for the relevant financial year for which charitable trust is filing income tax return..
If your situation satisfies above condition may not require to file income tax return
Hence if it satisfies
If your situation satisfies above condition may not require to file income tax return
Hence if it satisfies
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