13 September 2019
I am a chartered accountant.My client is a kadhi Board entity , eligible for sec 10(23)(BB) exemption under the Income Tax Act. For the assessment year 2017-18 income tax department has issued a notice u/s.142(1) of the Income tax Act. The notice was generated on account of cash deposit made by the client in the Bank accounts, during demonetisation. Since the entire income is exempt for the client , they want to file the return. Can you please tell me, the appropriate Income tax return form for filing the return of income. Is it form ITR 7, or ITR 5 or any other ITR form.The client has got PAN as AOP.
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