for AY 2018-19 AND AY2019-20 form 10B was filed after ITR but form 10b was filed before due date .
AO disallowed exemption u/s11 and raised demand on the ground of late filing of form 10B.
is that right or wrong as form 10B was filed before it's due date?
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Form 10b and itr
Replies (4)
As per Rule 12(2) of IT act, the audit report needs to be filed on or before filing return.
The action of department is technically correct.
however you may try to search for high court rulings in favour of assessee
however you may try to search for high court rulings in favour of assessee
This discussion stands very irrelevant without mentioning the nature of assesse.
Query related to form 10b itself clarifies the nature of assesse is charitable trust or institution
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