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Trust ITR filing
Which ITR for form is applicable for a trust which is not registered under section 12A. Is it ITR7 or ITR5.
Replies (7)
Quick Summary
ITR 5 will be applicable
ITR5 and it will be taxable at maximum marginal rate
Itr 5 as boi and aop
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).
He is not eligible for itr 7as he is not registered and also not eligible for exemption
Itr 7
Trust is not registered. And hence ITR 5
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