Trust irt file
This query is : Resolved
Quick Summary
25 December 2023
i have trust i dont have 12aa certificate
i fill itr 5 with Status :AOP/BOI SUB STATUS: Trust other than trust eligible to file
return in ITR-7
WHAT WILL BE MY INCOME TAX SLAB
IF I SHOW ONE LAKH PROFIT IT SHOW TAX ABOUT 42000
PLESE MAKE REPLY
i fill itr 5 with Status :AOP/BOI SUB STATUS: Trust other than trust eligible to file
return in ITR-7
WHAT WILL BE MY INCOME TAX SLAB
IF I SHOW ONE LAKH PROFIT IT SHOW TAX ABOUT 42000
PLESE MAKE REPLY
CA R SEETHARAMAN
(Expert)
26 December 2023
2.50 lacs slab of nil tax payable in case of none of the members of the trust have taxable income option selected otherwise 42000 tax payable.
26 December 2023
File ITR 5 as the trust is not registered u/s 12AB.
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