Trust irt file

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This discussion addresses how to file an Income Tax Return (ITR) for a trust that does not possess a 12AA certificate. The advice given is to file using ITR-5, specifically selecting the 'AOP/BOI' status with the sub-status 'Trust other than trust eligible to file return in ITR-7'. This is because the trust is not registered under section 12AB.

Arjun

Arjun (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.