Unregistered trust and itr 7 & Name of project institution

Efiling 18321 views 11 replies

Guest

Hi all

I am filing return of a Church which is not registered under section 12A. It is not claiming any kind of exemption and has only interest income. It is mandatory to fill 'Details of the projects / institutions run by you'. I have filled the name of the church and registering authority as the sectretariat it is registered under.

The problem is that it asks for Section under which exemption claimed, if any (see instruction para 11e). This part actually should be optional as IF ANY words are used.

But if I fill this as OTHERS, error is generated 'total income should be zero is option OTHERS is selected'

Should I select section 11?

Replies (11)

DINU SUKUMAR

Audit Manager

176 Points Joined September 2013

Hii, Trusts not registered under any applicable exempted sections of the Act assessable as AOP. Since it is difficult to file ITR-7 for the same. Section 11 is applicable only for trsts registered u/s 12AA of the Act. Study about applicability of ITR -5 for your assessee status ie. AOP (Trusts).

Regards

Guest

Thanks for the reply. But the requirement to file return is from The Secretariat of Confraternities (Archdiocese of Goa and Daman) and they have asked for ITR 7.

Swathi

CA & CMA

103 Points Joined February 2013

Hi Madhavi Mam..

Have u solved this problem. am facing the same problem. can u plz tell me how u've been solved this.

Regards,

Swathi.

Guest

I filed ITR 5 as there was no other option :(

bhawana

practising

22 Points Joined September 2013

Can an unregistered trust having PAN of TRUST (i.e. AAATE....) file ITR5 as AOP bacause ITR7 can not be filed as project details are mandatory and they are not available.

Peeyush

Proprietor

54 Points Joined December 2011

If by any chance you File ITR-7 for Unregistered Trust , you might get a defective notice and then evenetually you will have to reply by filling ITR-5 for unregistered trust as an AOP.

Ravi

partner

22 Points Joined October 2011

Did you receive any intimation or notice after filing ITR 5 and is it a correct option

A. Joseph Arputharaj

Chartered Accountant

158 Points Joined March 2007

Hi friends check Section 164(2) of Income Tax Act, 1961 for clarity on this issue.

SRIKANTA SAHA

student

22 Points Joined January 2014

Hello everyone, if i have to file a return of an unregistered educational charitable trust by using itr 5 for ay 2019-20 then under which head of income i should report my Income? is would be under Business/ Profession or Under Other Sources head?

A. Joseph Arputharaj

Chartered Accountant

158 Points Joined March 2007

Hi friends,

Trusts not registered u/s 12A, or 12AA, should file their returns in form ITR-5. You have to educate the auditors of The Secretariat of Confraternities. They have to understand the provisions of the income tax act. If you are not able to educate those guys, then file a return in form ITR-7 and provide a copy of the form to those blockheads and then revise your return to form ITR-5.

Under ITR-5, your trust income and expenditure should be shown as income from other sources.