Trust ITR filing

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73 Points Posted on 12 January 2021
Which ITR for form is applicable for a trust which is not registered under section 12A. Is it ITR7 or ITR5.
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On 12 January 2021 at 18:24 Report
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This discussion clarifies which Income Tax Return (ITR) form is appropriate for a trust that is not registered under section 12A. The consensus points towards ITR5 being the applicable form in such cases, especially when exemption under Section 139 is not claimed. ITR7 is generally reserved for trusts registered under Section 12A or those claiming specific exemptions.

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Chartered Accountant
24588 Points Posted on 12 January 2021
ITR 5 will be applicable
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On 12 January 2021 at 18:59
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17269 Points Posted on 12 January 2021
ITR5 and it will be taxable at maximum marginal rate
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On 12 January 2021 at 19:20
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Tax consultant
5895 Points Posted on 12 January 2021
Itr 5 as boi and aop
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On 12 January 2021 at 19:23
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Accountant
4533 Points Posted on 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).
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On 15 January 2021 at 22:39
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Tax consultant
5895 Points Posted on 15 January 2021
He is not eligible for itr 7as he is not registered and also not eligible for exemption
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On 15 January 2021 at 22:45
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Accountant
4533 Points Posted on 16 January 2021
Itr 7
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On 16 January 2021 at 19:23
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17269 Points Posted on 17 January 2021
Trust is not registered. And hence ITR 5
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On 17 January 2021 at 13:03

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