01 January 2019
Sir, A trust having 12A & 80G Filed Return for the Assessment Year 2016-2017 on 02/01/2018 and at the time of Computation U/s. 143(1) we found that the Amount which was applied to charitable or religious purpose in India during the previous year relevant account was 60978035/- and Amount accumulated or finally set apart for application of charitable or religious purpose (15% of Total income) i.e.10760829 Total 71738864/- which they added as Taxable Income and for the same total tax liability U/s. 143(1) is now 37603140 after addition of Section 234A,Section 234B & Section 234C. Though the Return was filed U/s. 139(4A) Now i am doubt that as the return was filed after due date that's why at the time of computation U/s. 143(1) the Department disallowed the total expenditure for Rs. 71738864/- ? PLease guide me for the same and what should be the next procedure as yesterday I received the CPC order U/s. 143(1).