Trust section 11 exemption lost if itr is late?
This query is : Resolved
15 August 2023
for asst.2122, if itr was filed without audit report, (audit report was filed after itr was filed), exemption should not go right?
itr and audit report both were late,
my view--> if itr was late, they cant deny exemption
https://taxguru.in/income-tax/misinterpretation-section-12a1ba-cpc-lead-huge-tax-demands.html
itr and audit report both were late,
my view--> if itr was late, they cant deny exemption
https://taxguru.in/income-tax/misinterpretation-section-12a1ba-cpc-lead-huge-tax-demands.html
15 August 2023
Yes you are right.
https://taxguru.in/income-tax/section-11-exemption-denied-merely-delay-furnishing-form-10b.html#:~:text=So%20the%20exemption%20otherwise%20available,(b)%20of%20the%20Act.
https://taxguru.in/income-tax/section-11-exemption-denied-merely-delay-furnishing-form-10b.html#:~:text=So%20the%20exemption%20otherwise%20available,(b)%20of%20the%20Act.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Regarding Applicability of Tax Audit u/s 44AB
- TDS on TRUST
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
