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Regarding itr7

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54 Points Posted on 19 March 2020
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
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On 19 March 2020 at 15:12 Report
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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.
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On 19 March 2020 at 16:39
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Chartered Accountant
12739 Points Posted on 19 March 2020

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

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On 19 March 2020 at 16:50
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Yes from A.Y. 2018-19 trust shall file ROI on and before due date in order to avail exemption under sec 11 & 12.
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On 19 March 2020 at 17:50
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54 Points Posted on 19 March 2020
There is any possibility to take exemption
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On 19 March 2020 at 20:31


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