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What is the due date of fililg return of charitable trust

SUSHIL D PANDIT (ARTICLE) (42 Points)

31 July 2013  

what is the due date of fililg return of charitable trust as per income tax act.


 5 Replies

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3414 Points)
Replied 31 July 2013

If no tax audit then today ie 31 July 2013. If tax audit then 30 September.

Yogesh Shah (Managing Corporate Finance)   (1051 Points)
Replied 31 July 2013

Hi Sushil,

 

Though tax audit may not be applicable for Trust but Trusts have to get their accounts audited under respective Trusts Act (Form 10B). 30th September is the last date for that assessee who has to get accounts audited under any law (not confined to Tax Audit). Hence in this case, last date will be 30th September.

 

Other views are welcome.

Bharat chandan (student) (158 Points)
Replied 06 August 2013

@ Yogesh:

As per my knowledge Form 10B is a requirement of Income tax Act and Not Charitable Trust Act.

 

@ Shushil:

If the assesse (Charitable trust) is claiming deduction u/s 11,12 and the total income before deduction is exceeding basic exemption limit then, audit (we can use term Tax Audit) u/s 12A(b) is applicable.

And sec 12A(b) will take you to Rule 17B. As per Rule 17B, audit should be in Form 10B.

 

 

 

About return filing: If audit is applicable (as explained above), then return filing is Suptember. In other case it is July.

 

Correct me if i am wrong.

And click on thanks user if u find my answer correct.

1 Like

Amit Ambekar (4 Points)
Replied 29 September 2017

What is the due date of submission of Trust Account to Charity Commissioner ? pls inform

Amit Ambekar (4 Points)
Replied 29 September 2017

What is the due date of submission of Trust Account to Charity Commissioner ? pls inform

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