Itr`s for charitable trust not registered u/s 12a
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2015
A CHARIBLE ORGANISATION WHICH IS NOT REGISTERED FOR 12A FOR A.Y2013-14 WE HAVE FILED I.T RETURN AS ITR-7. NOW I.T.DEP HAS RAISED DEMAND OF 40% ON GROSS RECEIPTS. NOW PLZ ADVISE WEATHER IHAVE TO FILE RECTIFICATION OR REVISED RETURN AS ITR-5.
PLZ SUGGEST ME
THANKING YOU,
PLZ SUGGEST ME
THANKING YOU,
13 April 2015
well. you will have to rectify the return. but income-tax cannot make demand on gross receipts. Where the charitable status is not available, only net profit is to be taxed.
Message likes :
1 times
08 March 2016
Smilar is in my case, Department has taxed @ 30% on gross receipts, however in actual P&L there is a loss (Expenses are more than gross receipts)
Not even basic exemption given.
Trust is not having 12A ciertificate. Kindly guide URGENTLY.
Not even basic exemption given.
Trust is not having 12A ciertificate. Kindly guide URGENTLY.
09 March 2016
Smilar is in my case, Department has taxed @ 30% on gross receipts, however in actual P&L there is a loss (Expenses are more than gross receipts)
Not even basic exemption given.
Trust is not having 12A ciertificate. Kindly guide URGENTLY.
Not even basic exemption given.
Trust is not having 12A ciertificate. Kindly guide URGENTLY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
