Trust Form and applicablity of tax
This query is : Resolved
21 April 2008
a trust has been created by way of will and in this trust Income received from Gift and from Interest
1.What is the Tax Liablity on 130000/-income.
2. Which form is fillup and deposited for the same.
3.Can i filled form No. 5 for the same treat as AOP or only form No. 7(the Trust is not registered under income tax act)
pl. guide me
1.What is the Tax Liablity on 130000/-income.
2. Which form is fillup and deposited for the same.
3.Can i filled form No. 5 for the same treat as AOP or only form No. 7(the Trust is not registered under income tax act)
pl. guide me
Gayathri Devi
(Expert)
22 April 2008
The income of trust is exemot from tax
Form 7 should be filled for trust
Form 7 should be filled for trust
Dhirajlal Rambhia
(Expert)
12 June 2023
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