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Section 8 company itr7
Can ITR 7 for section 8 company be filled using income and expenditure account prepared on accrual basis as source of funds and application of funds or preparation of separate receipts and payments account(cash basis) compulsory for ITR 7?
Replies (6)
I think for company it is ITR-6
But I think , if they are filling under section 139(4A) of the income tax Act, then they have to file ITR7 . because,Section 8 Companies are for Charitable object. So please let us know are you filling income tax return under section 139(4) of the income tax Act ?.
@ Haridas Rao ,
For which AY ?
For which AY ?
AY 23-24, company has prepared accounts on accrual basis itself.
May I know your company 4TH letter in PAN ?
T or C ?
T or C ?
Is it C ( section 8 company ) having 12ab exemption.
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