29 July 2020
Need help for Unregistered trust u/s 12AA which has PAN of Trust (4th letter is T) 1.whether we can ask AO to assess the income as a AOP if we have filled ITR 7 for the AY 2015-16 in the rectification ?
2. If yes in above answer then whether we can claim expenses even if not claimed in ITR 7?
Dear sir please give the reference of section or judgement if available. Thanks
29 July 2020
Dear CA Mukesh Chaudhary Will you please tell us more about 1) Whether Trust was earlier registered u/s 12A of Income Tax Act ? 2) Did your trust claim exemption of income u/s 11 of the IT Act, 1961? 3) Do Trust's activities charitable in nature?
CAclubindia
