Helo i want know the consequences if an educational trust having not exceeding its chargeable total income but has default in filling of its income tax return. please tell me the consequences . thank you
Menu
Default in filling return by trust
Replies (2)
There are various reason for default such as-
- Fail to furnish income before end of relevant assessment year as required under section 139(1) of income tax,
- concealment of particulars of income
for better understanding follow the below link i hope u can take more conceptual judgement.
https://wirc-icai.org/wirc_referencer/income%20tax%20&%20wealth%20tax/Penalties.htm
https://wirc-icai.org/wirc_referencer/income%20tax%20&%20wealth%20tax/Penalties.htm
Recent Topics :
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
Related Topics :
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CCI
Pro
CAclubindia
