trust tax audit

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where a trust registered u/s 12a and 80g did not file its return within due date what will be the consequence.

will its total receipt or the the surplus of amount will be taxable ?
Replies (2)
yes it is taxable...return is required to be filed if total income before claiming deduction u/s 11 and 12 exceeds basic exemption limit ...return is to filed u/s139(4A)..
but what about taxable amount.


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