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Trust Income Tax


Modassir Jamal   10 January 2021

Modassir Jamal

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Trust ki income 8% se kam dikha sakte hain?

Priyank Nema

Priyank Nema (Bhopal)     10 January 2021

Priyank Nema
Bhopal 
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As per my knowledge 44(AD) not applicable to trust .plz correct if I am wrong

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ayusmita

ayusmita (Tax consultant)     10 January 2021

ayusmita
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Trust need to be audited and fill return on itr 7

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Modassir Jamal

Modassir Jamal   10 January 2021

Modassir Jamal

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@ ayusmita The trust is not registered U/s 12A/12AA

Sourav

Sourav (Student)     10 January 2021

Sourav
Student 
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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

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Modassir Jamal

Modassir Jamal   10 January 2021

Modassir Jamal

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Thanks

ayusmita

ayusmita (Tax consultant)     10 January 2021

ayusmita
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File itr 7 with out taking the a

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Modassir Jamal

Modassir Jamal   10 January 2021

Modassir Jamal

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@ ayusmita Unregistered trust can't file ITR-7, they can file only ITR-5

ayusmita

ayusmita (Tax consultant)     10 January 2021

ayusmita
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Sorry type nehi hua half mei click ho gaya 

is it a business trust 

Kapadia Pravin

Kapadia Pravin   11 January 2021

Kapadia Pravin

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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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