ROI of Trust

1220 views 2 replies

Dear all..,

 

As per Sec 272A, if ROI is not filed in accordance with Sec 139(4A) [ i.e ROI of Trust] or if ROI is not filed in accordance with sec 139(4C) i.e. person specified u/s 10 [ claiming exemption u/e 10(23C) provided by CG],

the assessee shall be charged by Penalty by Rs. 100 per day of defauld...

 

Now my question is, in case Trust is specified u/s 10 and availing 10(23C) exemption, then what section the Trust has to comply,

becasue in that case if compliance is made wrt 139(4A) or 139(4C), penalty will attract in both case, as the case is of mutually exclusive option....

 

Please reply....

Replies (2)

139 (4c)

then penalty will imposed as non comliance of Sec 139(4A)........

:(

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