IS ITR 7 TO BE E FILED MANDATORILY.THE CLIENT DOES NOT HAVE ANY BUSINESS INCOME . THE BRIEF RESULTD OF THE P/L FOR 2014 ARE - DONATIONS RECD - 1.00 LAC AND DONATION MADE 50000 AND INTEREST INCOME 25000.
PLEASE ADVISE
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Itr 7
Replies (3)
Sir,
In this regard, I will forward same reply as soon as possible.
| Originally posted by : CHETAN SHAH | ||
 |
IS ITR 7 TO BE E FILED MANDATORILY.THE CLIENT DOES NOT HAVE ANY BUSINESS INCOME . THE BRIEF RESULTD OF THE P/L FOR 2014 ARE - DONATIONS RECD - 1.00 LAC AND DONATION MADE 50000 AND INTEREST INCOME 25000. It is not compulsory you may file the manuel return also regards |
 |
It will not come bussiness income.
It's income from other sources
For Example
income calculation:
Income from other sources:
donation: 100000
exp : 50000
50000
Bank interest 50000
total income 100000
and with effect from asst year 2014-15 Trust case e filing mandatory.
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