TRUSTS

138 views 1 replies
A trust doesn't have 12A registration as well as 80G registration.

How to file it returns? Which itr form should be used?
Replies (1)

The income tax return of a Trust must be filed using ITR 5 or ITR 7. In case the Trust is required to file income tax return due to taxable income being over Rs.2.5 lakhs, then ITR 5 can be filed.

In case the Trust is required to file income tax return mandatorily under Sections 139(4A) or139(4B) or 139(4C) or 139(4D) or 139(4E) or139(4F) of the Income Tax Act, then ITR 7 must be filed.

So, in your case, ITR-5 would be applicable. And the tax rate for a trust is just like an individual.


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