Priyank Nema (Bhopal) 10 January 2021
As per my knowledge 44(AD) not applicable to trust .plz correct if I am wrong
Sourav (Student) 10 January 2021
Trust should be not be allowed to show profit less than 8% as your trust is not registered your trust is not allowed to 8% profit
Modassir Jamal 10 January 2021
@ ayusmita Unregistered trust can't file ITR-7, they can file only ITR-5
ayusmita (Tax consultant) 10 January 2021
Sorry type nehi hua half mei click ho gaya
is it a business trust
Kapadia Pravin 11 January 2021
44AD is not applicable to Trusts ( including business trusts) so question of 8% presumptive taxation does not arise.
As it's un-registered, it will be filed as AOP or BOI ... and ITR 5.
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