taxation of Trust

Tax queries 525 views 1 replies

Student

186 Points Joined September 2009

i have certain queries reg. taxation of Trust

1) what is the basic tax exemption limit for trust?

2) what is the limit for Audit? is it necessary to get it audited every trust?

3) if books of accounts not maintained what is the option for filing the IT Return?

Replies (1)

Student

186 Points Joined September 2009

4) if the trust is not registered U/s 12(A) (A ) what are the tax implications

5)what is the procedure for first time IT return filing?

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