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Return of a charatable trust

Tax queries 238 views 2 replies

dear sir,
i read your article and it was ful of knowledge, but i want to ask some queries regarding my trust, 
we have audited our trust for py 10-11,  till then no accounts work has been done,

my client wants audit from 11-12 to 16-17,
can we file return of income from 11-12 to 16-17 along with audit ? 
we dont have any income and expense from 11-12 to 16-17

please reply.

Replies (2)
Contact your Ward AO...
No Mr. Shobhit, you cannot file return of income from 2011-12, instead you can file for PY 2015-16 and 2016- 17 as a belated return...Better not to contact your AO, as it may lead to initiation of 147 or 153A proceedings by your AO, if you in the course of proceedings reveal any taxable income which was not offered to tax....


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