Welfare Society

This query is : Resolved

Manudeep Garg (Querist)
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20 March 2009 A Welfare Society (NGO)working for last 3 years and not filed its IT Retrn. However Surplus was aroung 50,000. It had not yet applied for 80G neither it has been registered under section 12A i.e. any exemption benefit. Now, i want to file IT return for the last two years.

1. Can anyone tell me whic ITR Form will be applicable? Is the treatment is like a Trust or an AOP.

2. And IS The normal Tax Slab would be applicable untill it apply for 80G?

3. Is FBT would be applicable untill it get registration under section 12A.

CA Akshat

CA Akshat (Expert)
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20 March 2009 As the application is not made as per the requirement of law, in my opinion, the NGO will be treated same as proprietorship. So ITR 4 should be submitted as the income will be considered as business income

2) The tax rate will be applied as to the individual

3) as the FBT is not required to proprietor FBT is not liable.

(I have assumed that the NGO is considered as properitorship, if its considered as partnership, the answer will be different.)

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
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20 March 2009 it will be taxed as AOP at maximum marginal rate

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