Trust/AOP Audit
This query is : Resolved
Quick Summary
Chandrasekar.D
(Querist)
21 October 2020
Sir,
One of my client is registered as Trust but not under IT,but getting PAN under Trust name. Trust Started in 2000 till now no IT return was filed. During 18-19 its TO 80L & Profit 3.5L. My Query is
1. Whether it is Trust or AOP under IT.
2.Which ITR (5 or 7) to be filed.
3. whether Audit by CA is mandatory.
One of my client is registered as Trust but not under IT,but getting PAN under Trust name. Trust Started in 2000 till now no IT return was filed. During 18-19 its TO 80L & Profit 3.5L. My Query is
1. Whether it is Trust or AOP under IT.
2.Which ITR (5 or 7) to be filed.
3. whether Audit by CA is mandatory.
CA R SEETHARAMAN
(Expert)
21 October 2020
1 It's AOP under IT.
2 File ITR 5.
3 Not mandatory with the above financial.
2 File ITR 5.
3 Not mandatory with the above financial.
Chandrasekar.D
(Querist)
21 October 2020
Thanks ...
Will u please give tax slab for AOP in this case sir?
Will u please give tax slab for AOP in this case sir?
CA R SEETHARAMAN
(Expert)
21 October 2020
Individual slab rate applicable if none of the members having taxable income else 30% tax applicable.
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