16 June 2015
Please advice me for the following: we are an approved group gratuity trust having a income of around 25 lac's
Please advice 1. which IT return form should be file, considering the fact that ITR 7 is to be filed by Trust claiming exemp U/s 11 and 12, where as GG trust does't belongs to said section's
2. whether there is any mandatory requirement for Tax audit by such trust.
3. we hav filed ITR 7 for the above, but the same is brought out as default return U/s 139(9), as the income is above 2 lac and Audit Flag In ITR 7 shown as NO.
17 June 2015
Thank you Nikhil can u guide me about the tax audit requirement's of same while filing ITR 5 for the EPF turst. And how to claim the exemption through the said return.
CAclubindia
