Return of income

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1 Points Posted on 11 April 2020
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
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On 11 April 2020 at 23:48 Report
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Even if a trust's income is reduced by exemptions, a return of income may still be required. If the total income before claiming exemptions under Section 11 exceeds the basic exemption limit, filing a return is necessary. This applies even if the post-exemption income falls below the threshold.

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"Do the Right Thing...!!!"
128157 Points Posted on 12 April 2020
Yes... ROI required.
1 Reply
On 12 April 2020 at 07:06
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Profession
28271 Points Posted on 12 April 2020
Yes he needs to file return
1 Reply
On 12 April 2020 at 14:46
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ARTICLE ASSISTANT
129 Points Posted on 12 April 2020
YES, INCOME EXCEEDED BASIC EXEMPTION LIMIT
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On 12 April 2020 at 21:41
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Student CA IPC / IPCC
17 Points Posted on 12 April 2020
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...
1 Reply
On 12 April 2020 at 21:48

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