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Return of income
the total income of a trust before claiming exemption under section 11 is 340000.he is entitled to a exemption of 100000.is he need to file a return of income
Replies (4)
Quick Summary
Yes... ROI required.
Yes he needs to file return
YES, INCOME EXCEEDED BASIC EXEMPTION LIMIT
Yes RoI needs to be filed as T.I exceeds BEL. T.I for this purpose means Income with out claiming exemptions u/s 11 and 12...
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