Income Tax Reurn of Charitable Trust

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 September 2019 I am filing ITR 7 in excel utility provided by department on their website. After completing return, when i am calculating tax in utlity it calculates tax @30% while tax on trust should be as per normal slab rate applicable for individual i.e. no tax upto Rs 2,50,000. I have checked my return for eneted details many times, I am sure that it is 100 % correct then why utility is calculating @30%.
If any one have used department utility for ITR 7 please help me in this regard as soon as possible.
If anybody have faced same problem as before will please give your soonest feedbackso will ractify it.
Thank You
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
01 October 2019 Is your trust is registered u/s 12AA. Did you file ITR 7 for the trust last year.
Profile Image

Income Tax

Profile Image

Income Tax (Querist)
01 October 2019 Yes Sir, my trust is registered u/s 12AA and I have filed ITR 7 for the trust last year.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
01 October 2019 In such a case it should not calculate 30% tax. Check ITR again.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links