I have two queries regarding trust
1- Standard Deduction 15% forget to claim in itr 7 thus demand notice issued for tax. filed return as payable
2- Trust itr 7 filed before audit report 10B
Thanks in advance
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STd. Deduction U/s 11
Replies (1)
Form 10B Audit report is required to be filed simultaneously when ITR filing.
For which AY the issues pertain
What do you mean by standard deduction 15%. Actually trust is required to spend 85% on objects of the trust and 15% can be accumulated by filing form No 10 before ITR filing.
You may send order copy to my mail id -- pnkapadia @ gmail.com for precise reply.
For which AY the issues pertain
What do you mean by standard deduction 15%. Actually trust is required to spend 85% on objects of the trust and 15% can be accumulated by filing form No 10 before ITR filing.
You may send order copy to my mail id -- pnkapadia @ gmail.com for precise reply.
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