Assesse being a charitable Trust has filed return for AY 2017-18 in ITR 7 and has not claimed any deduction/exemptions u/s 11 (mainly due to reason they were not registered under 12A of act in AY 2017-18) or clauses of Section 10 or u/s 13A or u/s 13B in Schedule part B-TI of the return.
Case : Now the Department has issued the notice of Defective return u/s 139(9) of the Act on the basis of reason same as above explained. And they are providing the resolution as the return should be filed in prescribed form i.e ITR 1 to 6 in case if assessee is not an institution required to file u/s 139.
The Assessee is a charitable Trust and filed ITR7 after due date of filing. Audit report not attached as per 10B, since income taxable was less than taxable limit and the due date of filing 10B was gone months ago.

Please provide suggestions and resolve the query , for any other details we shall attach the letter , if required.

An Educational Institution is registered u/s 12A and has claimed exemption u/s 11 in the return ITR 7 and has also filed report in Form 10B. But after filing the return an error message comes in the e-mail : "Section 11 deductions claimed in Sr. no. 4 of Part BTI is allowed only if Form 10BB is filed on or before filing of the return in case of assesse who is approved u/s 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via)" Now, since the institution is registered u/s 12A and also files report in Form 10B why the error has come mentioning to file report in Form 10BB. This problem is coming after updating the ITR Form on 27th September. What to do, please guide.

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Expert

After filing itr-7 we have received mail itr-7 uploaded has the following defect:-

"SECTION 11 DEDUCTION CLAIMED IN SR. NO. 4 of PART BTI IS ALLOWED ONLY IF FORM 10BB IS FILED ON OR BEFORE FILING OF THE RETURN IN CASE OF ASSESSE WHO IS APPROVED U/S 10(23C)(iv) / 10(23C)(v) / 10(23C)(vi) / 10(23C)(via)"

We have submitted Form 10B. Please solve the problem

Clause 27(a) is for showing Cenvat credit availed and utilised. Whether KVAT/SGST credit availed and utilised should also be shown or not. One school of thought says, to show such details only up to 30-06-2017 since Cenvat Credit Rules, 2004 is substituted with Cenvat Credit Rules, 2017 w-e-f 01-07-2017. Request to comment.

Hi,
I worked as employee for the first 8 months. For the next 4 months I registered partnership firm for software consultancy with another partner.

I want to file presumptive taxation(44ADA) for the income/profit I received in partnership firm.

The queries are:
1. How to file salaried income and presumptive taxation(44ADA). Which ITR to use?
2. presumptive taxation should be filed for the partnership firm or for each partner?

Sir,
Partnership firm remuneration and interest received Rs.1100000 and 125000, the received entry for Individual accounts for filing of income tax & computation for ITR.

Dear Sir,
I wanted to ask, who can be joint holders in a public listed company. Can two unrelated persons become joint holders without any agreement between them on how much share percentage each has? And if no agreement between them and no proof that second holder has paid any money to acquire the shares, does he lose to stand his title over these shares? Please help me in these queries sir, as I am facing this new unanswered problem.
Thank You,
Sincerely,
Rahul, Hyderabad
Ph:9704656365

I want to gift say 5L cash to my own brother and he is an NRI so he can deposit in NRO ac. Gift deed is made. Now he wants to transferfrom NRO to NRE ac after converting it. Does such transaction need form 15CA? As this is not an income and its not taxable.Please guide

Dear Sir,
Whether MAT provisions are applicable only to the companies or other than companies such as proprietory, individuals etc, kindly clarify

i am a employee in pvt sector of tata groups with basic salary of 21503/= per month. I get 50% of basic salary as HRA from employer every month. I live in rental house and pay rs. 8,000/= p.m. to landlord as monthly rent. How much i will get tax exemption against rent paid to landlord for a financial year if i produce proper rent receipts along with PAN details of landlord. thanks.