Trust ITR filing
haridas rao (73 Points)
12 January 2021
Which ITR for form is applicable for a trust which is not registered under section 12A. Is it ITR7 or ITR5.
7 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 12 January 2021
ITR 5 will be applicable
Kapadia Pravin
(17264 Points)
Replied 12 January 2021
ITR5 and it will be taxable at maximum marginal rate
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 15 January 2021
Any taxpayer can use ITR-7 Form for filing Income Tax Return if they file as a Trust, Company, Firm, Local authority, Association of Person (AOP) or Artificial Judicial Person and claims exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).
ayusmita
(Tax consultant)
(5890 Points)
Replied 15 January 2021
He is not eligible for itr 7as he is not registered and also not eligible for exemption
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