Trust demand related query
This query is : Resolved
05 January 2018
sir i make trust but it is not registered trust but i filled return in form no. 7 which is applicable for registered trust but as per right provision i should file this return in form no 5 and i paid tax as per trust provision but i should pay tax as per AOP/BOP provision so i get demand 150000/- for 3 year,,,
so i want to ask that is there any remedy available from that demand ......
as perAOP provision if no AOP member has income above exemption limit then individual limit aplicable can i chellange for the same ....
please guide me
so i want to ask that is there any remedy available from that demand ......
as perAOP provision if no AOP member has income above exemption limit then individual limit aplicable can i chellange for the same ....
please guide me
CA R SEETHARAMAN
(Expert)
05 January 2018
Yes you can challenge the same provided you selected the option while filling the return.
05 January 2018
Prima facie, there is no scope for appeal.
CA R SEETHARAMAN
(Expert)
06 January 2018
File appeal before CIT declaring no member having taxable income and request the application of individual slab rate.
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