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Section 11 exemption to trust

Tax queries 490 views 7 replies

Hello,

I have received intimation u/s 143(1) for a trust for AY 2016-17.

Department has disallowed deduction u/s 11.

Trust has Other Sources income of rs. 60,00,000

Rs. 69,00,000 has applied for religious and charitable purpose.

Due Date was 17-10-2016

Date of filing return was 30-03-2018.  

Please help me to understand this case.

Thanks

 

Replies (7)
Provision regarding filing of return was not applicable for AY 2016-17, to deny the benefit of section 11. So, please check other reasons why income was taxed.Nature of other source income??
Just check whether 10B filed??

Hello All,

As per section 13, only when we are claiming exemption u/s 11(2), we have to file ITR before the due date.

section 11(2) talks about amount accumulated or set apart for application to charitable or religious purpose.

Since we have already appllied income for chritable or religious purpose, do we have to file ITR before due date?

This was before amendment by fa 17 Now after amendment by fa 17 if u need exemption under 11 to 13 then return needs to be filed on or before due dt

But our return is related to AY 2016-17.

I thot u asked a separate general question Hav to check abt 10B filing then
Rishab, I had clarified this already. Get a representation from tax officer for disallowance. Based on that, you have to take a call.


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