Regarding itr7

200 views 4 replies

54 Points Joined August 2018

A Trust has filed itr 7 after due date for AY 2018-19 but now CPC has raised a demand without giving exemption . how to rectify it

Replies (4)

Guest

If the Trust had made accumulation u/s 11(2) then return has to file compulsorily on and before due date otherwise exemption will not be allowed.

Chartered Accountant

12739 Points Joined December 2016

TRUST must filed the return before due dates to avail the benefits of exemption i/s 11 & 12 .

Guest

Yes from A.Y. 2018-19 trust shall file ROI on and before due date in order to avail exemption under sec 11 & 12.

54 Points Joined August 2018

There is any possibility to take exemption

Your are not logged in . Please login to post replies

Click here to Login / Register