Menu
Form 10B in case of a trust
What are the consequences if Form10B is filed after 1 or 2 weeks of filing ITR in case of a trust?
Replies (3)
The failure to furnish such report in the prescribed form along with the return of income results in disentitlement of the trust from claiming exemption under sections 11 and 12 of the Act.
Any solution to prevent such disentitlement?
There is still time till 30th Sept to file return for trust where audit is there. Get this done and get 10B and file return.
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
