29 May 2015
I have an assessee who is a Trust registered as charitable trust under income tax act, and they have received an intimation u/s 143 (1) demanding the tax of Rs. 4500/-at individual slab rate (Their income is 245000/- Application is 250000/-)
How can we determine The base on which the Dept has levied tax ?? Is there any provision as to apply the individual tax rate to Charitable trust? How to move forward, can any one help me?
29 May 2015
Probably you have not complied with the requirement of filing of return for charitable trust. Check the status in the intimation. Have you filed audit report.
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