Trust formation
This query is : Resolved
11 May 2009
1.What is the remedy for an entity which is established as a trust but did not give application to Charity Commissioner?
2.Now if the same entity wants to registered itself as an trust then what procedure should that follow?(Means want to give application to Charity Commissioner)
3.Now As an auditor in what form return should be filed? If the return is pending for 2 years?
4.For further information from where can i access any specific site?
There are still lots of queries in my mind regarding the same but still i want these queries as the most important. Please help me out ASAP.
2.Now if the same entity wants to registered itself as an trust then what procedure should that follow?(Means want to give application to Charity Commissioner)
3.Now As an auditor in what form return should be filed? If the return is pending for 2 years?
4.For further information from where can i access any specific site?
There are still lots of queries in my mind regarding the same but still i want these queries as the most important. Please help me out ASAP.
CA Tilak Raj Sharma
(Expert)
11 May 2009
1. Has to pay income tax @ 30% if any of the trustee liable to pay income tax.
CA Tilak Raj Sharma
(Expert)
11 May 2009
2. You need to apply to commioner to regiter u/s 12AA for charitable exeption in form 10A.
CA Tilak Raj Sharma
(Expert)
11 May 2009
3. Return should be filed in form ITR-5.
CA Nitin Wadhwani
(Expert)
11 May 2009
Trust needs to file the retun in ITR-7 and not ITR-5.
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