What is the Penal Provision as per Income Tax Act , if trust not filed its Income Tax return Within Due date. Is the audited financial statement of trust can be revised
Menu
IT Return - Trust
Replies (1)
MR SHETTY
I NEED TO KNOW WHETHER THE TRUST IN QUESTION IS REGISTERED U/S 12A OR NOT ....
NOT FILING OF RETURNS WITHIN THE DUE DATE PRESCRIBED U/S 139 IS NOT A MAJOR FAULT IF THE ASESSEE HAS VALID REASONS FOR THIS ....
ONE OFF CASE IS NOT A MAJOR FAULT ....THIS COULD BE ARGUED OR PLEADED ...BUT FREQUENT DEALAYS MAY RESULT IN PROCEEDINGS FOR THE CANCELLATION OF THE REGISTRATION OF THE TRUST U/S12A..WHICH IS A MAJOR TROUBLE ....
THE AUDITD ACCOUNTS OF THE TRUST COULD BE REVISED WITH VALID REASONS...
SANJAY
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
