trust audit
This query is : Resolved
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.
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.
03 April 2010
It is an AOP and ITR 5 may be used.
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.
So, depending upon the nature of income, respective form would be used to file the return.
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