03 August 2023
I happen to run a trust which is not registered under Section 12A for A.Y 23-24. I have received only voluntary contributions. At what rate I have to pay tax on such receipts and what is the ITR form to be filed? Can I claim any deductions on the voluntary contributions
03 August 2023
File ITR 5. No deduction allowed on the voluntary contribution. Slab rate or 30% tax applicable depending on the beneficiary of the trust.
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