trust audit

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Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2010 trust have registration under society act 1860.but not registred under section 12A of income tax. now which ITR to be use by trust & which taxation rule apply.

CA Robin Betala

CA Robin Betala (Expert)
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02 April 2010 In my opinion as trust is neither a charitable trust nor a co operative society it should be taxed under the status of AOP , please refer the taxation section of AOP.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 April 2010 It is an AOP and ITR 5 may be used.

CA. RAJESH Kr. MAURYA

CA. RAJESH Kr. MAURYA (Expert)
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03 April 2010 As per my view, Trust is assessed as an Individual.
So, depending upon the nature of income, respective form would be used to file the return.

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