banner_ad

Maximum marginal tax in case of trust

Tax queries 287 views 1 replies

Respected Members,

For AY 2018-19, we had filed ITR-5 for various trusts.

The fourth character of PAN is T. For Ex. AAATA1111A

For most of these ITR's we had received intimation u/s 143(1), where department is charging tax @ MMR.

we had not mention % of share of members in ITR.

so can you please guide me if we had received these notice because we had not complied with the provisions of section 167B or there is any other reason of these notices.

 

Thank you.

 

 

Replies (1)

Yes, that is the reason; it is treated as AOP, and when the income details of all the members are not filled, the MMR is applied.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details