xyz institute registered with charity commissioner under Bombay public trust act and not having 12A registration. trust has filed ROI showing voluntary contributions of INR 50000 for AY 2016-17.
it has received intimation us. 143(1) for tax to be payable @ 30%.
trust can claim exemption of income under section 10(23C)(iiiad).
can trust file revised return by claiming exemption under above section?
CAclubindia
