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What are the consequences if Form10B is filed after 1 or 2 weeks of filing ITR in case of a trust?
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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.
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.
