Employees group gratuity trust
This query is : Resolved
12 July 2012
We had applied for approval of Employees Gratuity Trust of our Private Limited Company in 2007. In 2010 our jurisdiction changed and then we have to file a fresh application for approval. Since then approval is pending with the IT Department. Now we approached them about the approval, they ask us to file the return of the trust. We filed for A.Y. 2012-13. My Query is (a) Whether filing of return for the Trust is mandatory, (b) IS approval from IT time barred and (c) what we should do now?
Kindly help.
Kindly help.
12 July 2012
if total income or the total income of any other person in respect of which it is assessable under this Act during the previous year exceeded the maximum amount(Rs.180000) which is not chargeable to income-tax then only is is liable for filing the return
Message likes :
1 times
13 July 2012
Thanks for the reply.
Total income of the trust is below 1,80,000/- but I could not understand the meaning of 'any other person'. do you mean 'Trustees' or someone else. please explain.
Total income of the trust is below 1,80,000/- but I could not understand the meaning of 'any other person'. do you mean 'Trustees' or someone else. please explain.
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
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
