Section 11 and 12

Tax queries 514 views 2 replies

One of my CA  friend has become sanyasi  and  here is query from him to file tax returns of  his ASHRAM.

 

As you know I am sanyasi of Brahma Vidyalaya & Ashram . I am in the process of finalising the Income tax return for my adorable GURU and one Mahatma . There is a problem that , my Ashram has been existing since 1948 no return has been filed yet.  Presently my GURU is here(Bihar) since 1999 and I am planning to file income Tax return for him.



Present structure of  Ashram is as follows :-







(1) It has 52 Branches out of which some are located in Delhi, Allahabad, Varanasi, Kolkata and almost 30 such places where area is covered by Municipality.







(2) It has more than 130 Sanyasi Members those are fully devoted to the GURU.







(3) It has annual contributions of around 30 lacs rupees.







(4) It has more than 100 Acres of land all over India.







(5) It organises more than 6 Bhandaras and at least







Replies (2)

Where is Your friend's query????????

 

If the same is just joke......then a nice JOKE

Dear friend

What course of action could be taken to avoid any penalty for non- compliance s, i.e. Registeration u/s 11 , 12 and non-filing of ITR.   Contributions rceeived Rs. 30 lac per anum violates other provisions of the Act.


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