Trust assesment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2012
dear sir
a trust has been registered under 12a in 2006
it has not obtained its pan or filed return of income for any year its an educational trust its income has never been above 20000
now the work of trust has increased it wants to file return of income as well as get the accounts audited
whats the legal obligation if any for its previous non filing and unaudited financial statements
regards
a trust has been registered under 12a in 2006
it has not obtained its pan or filed return of income for any year its an educational trust its income has never been above 20000
now the work of trust has increased it wants to file return of income as well as get the accounts audited
whats the legal obligation if any for its previous non filing and unaudited financial statements
regards
23 April 2012
Immediately you should apply for PAN Number and file all the pending returns as Trust returns are not filed online. Since this an educational trust apply for exemption for education exemption as the income is taxable further you can write to ssunderagarwal@gmail.com
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