Defective itr-7

382 views 1 replies

Post efiling of ITR-7, a mail was received suggesting that if form 10BB was not upoaded, then the return turns defective. But the trust is not registered under u/s 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via), but it is registered u/s 12A. What should be done in this case?

the message received is as follows:

"Section 11 deductions claimed in Sr. No. 4 of Part BTI is allowed only if Form 10BB is filed on or before filing of the return in case of assessee who is approved u/s 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via)." 

Replies (1)
Both sections 12A and 10(23)(C) require audit reports in Form 10B and Form 10BB
For claiming exemption under section 11 and 12 of income tax Act, 1961 charitable or religious trust or institution shall mandatory have to get their accounts audited if the total income without giving effects to provisions of section 11 and 12 exceed maximum amount not chargeable to tax and shall obtain audit report in form 10B.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details