Can Exemption be available if the Return is Belated.
This query is : Resolved
09 September 2020
A Trust having its Total Receipts less than Rs.1Crore filed its Return u/s.139(4) of the Act and claim exemption u/s. 10(23C)(iiiad) of the Income-tax Act,1961. Though it was belated Return can Exemption will be available or denied. Kindly Clarify.
09 September 2020
Yes, Exemption can be claimed. But if you are claiming an exemption for university or education institution under Sec 10(23)(vi), then the exemption will not be available, if the return is filed belatedly
Message likes :
1 times
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
