Easy Office
LCI Learning

Taxatiin of Trust

This query is : Open 
Profile Image

Profile Image

(Querist)
26 October 2017 Dear sirs, A Trust not registered under sec 12A having income of Rs 20 lacs for the AY 2017-18 in this case on which rate i have to compute tax liability? either on Normal rate or MMR? and which ITR to be filled?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
26 October 2017 ITR 5 has to be filed MMR is applicable if any of the members of the trust having taxable income otherwise slab rate applicable.
Profile Image

Raju Miskin

Profile Image

Raju Miskin (Querist)
26 October 2017 Thank u sir, But trusts have to fill ITR 7 na
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
26 October 2017 Only trust registered under 12A has to file ITR 7.
Profile Image

Raju Miskin

Profile Image

Raju Miskin (Querist)
26 October 2017 Ok sir thank u

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links