Kindly suggest about the applicability of Tax Audit U/s 44AB in a registered trust running a Public School, having receipts over 1 crore but not exempted u/s 12BA, also which IT form wiil be used to file its return 5 or 7?
Regards
Menu
Applicability of tax audit u/s 44ab
Replies (2)
Yes liable for tax audit and itr 7 has to be filed
Yes, the trust is comes under the preview of tax audit.......it should be file ITR 7....
Recent Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
