ITR Filing for Superannuation Trust

Hi Subhrajit,

Here’s a clear breakdown for filing ITR for an approved Superannuation Trust:

1. Which ITR to File?
   Yes, approved Superannuation Trusts file ITR-5.

2. Income Details in Schedule EI:
   You are correct — income exempt under section 10(25) (like interest income on approved funds) should be reported in Schedule EI (Exempt Income).

3. Balance Sheet and P&L Schedules:

   • Since the trust is registered and approved under the Income Tax Act, you need to file Balance Sheet and Profit & Loss Account details in the respective schedules of ITR-5.

   • This is mandatory because the trust is required to maintain proper books and submit audited financials.

4. TDS Deducted but Exempt Income:

   • You can file the return to claim a refund of the tax deducted on exempt income.

   • Attach the relevant TDS certificates for reference.

5. Filing Due Date:

   • The due date for filing the return to avail exemption on income is 31st July of the assessment year (unless extended).

   • Filing after this date may lead to loss of exemption and interest/penalty consequences.

6. Additional Points:

   • Ensure audit report (Form 10B) is filed along with the return, if applicable.

   • Maintain all supporting documents for investments and approvals.

Summary:
Yes, fill up balance sheet & P&L schedules along with Schedule EI. File the return by 31 July to claim exemption and avoid penalties.