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Tax queries 265 views 3 replies

Hii,

Please advice :

Assessee (AOP) is engaged in the charitable purpose and availed the benefit of certificate 12AA. For AY 2018-19 AOP uploaded ITR-7 without filing form 10B subsequently AO disallow the income applied i.e. expenses and concluding with the demand on the gross receipts without deducting any expenses. Recelty CBDT raised a  circular for the condonation of delay on filing of 10B for the person who has not been filed Form 10B before AY 2018-19. So, my query is out of the ambit of the circular also. Please advice me shall i file form 10B for AY 2018-19 now or what should i do to quash the demand. 

Replies (3)
Form 10B is a sort of audit report under Income Tax Act.

This is required to be uploaded before filing of ITR7.

You can first upload Form 10B immediately and then response on eFiling praying for waiver of delay in filing Form 10B.

First file condonation request to your Jurisdiction ITO for delay in filing Form 10B. After approval file form 10B & revise the return..

Sir, it's 10B and it's AY 2018-2019


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