Hi,
I am trying to file ITR 7 of one of our Employee Management Trust (trust other than Charitable and Religious) which has been created to befit employees of the company. Trust is as same as any other ESOP or ESOS.
We have never applied for any exemption and it's income (Interest Income only) is liable to tax @ 30.9% (Maximum Marginal Rate). While filing ITR-7 through Income Tax Utility Part A - General (1) ask for the "Details of the Projects / Institutions run by You". As such we don't have any project or institution run from our end. Further it's ask Section under which exemption claimed, if any, which we don't have actually.
These all information is compulsory and we can not generate X M L file without filling up all this.
This become a deadlock for us. However in previous year we able to file the ITR 7 without filling up all these details.
Please help with the relevant provisions if applicable.
CAclubindia
