Gratuity fund - under part c of schedule iv

Nisha (Article Assistant) (24 Points)

10 September 2012  

There is a Gratuity trust whose income is exempt under section 10(25)(iv).

As per rule 12, Form ITR7 is applicable to assessees furnishing return under section 139(4A)/(4B)/(4C)/(4D).

The above graturity fund  is not covered under any of the above sections.

Please advise which ITR form should be taken for filing the return.

And also whether such fund is required to file any return since its income is exempt u/s 10(25)(iv)

 

Thanks