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Sec 8 Company Income Tax Liability

Others 307 views 2 replies
If a sec 8 company who has registered u/s 12Aor AA for charitable activities under incometax act. Suppose above Company recd donation of Rs. 10 lakhs. 85% not applied during year and don't want to accumulate for next years. Ready to pay tax. E. G applicable expenses are of rs 3 lakhs.
So my queries are:

ITR FORM 7 OR OTHER,?

TAX RATE APPLICABLE OF COMPANY OR REGULAR AOP TRUST RATES?
Replies (2)
Itr 7 and tax rate is slap applicable to trust
@ Nikita
File ITR7 with Audit Report in Form 10B

Tax rate will be AOP maximum marginal rate 30%+4% Cess


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