12 July 2013
I want to file return of trust for them which ITR is required to file if the trust is sole beneficiary Individual and income of trust is only interest income and savings bank a/c interest which comes to 133359/- and tax calculation is either NIL or applicable @ 30%
12 July 2013
i) If the trust is registered with income tax department u/s 12A and claims the benefit under section 11, then return has to be filed in ITR-7. As per proviso to rule 12(3) of the Income tax Rules,1962, ITR-7 has to be electronically filed with or without digital signature.
ii) If trust is not registered with income tax department and not enjoying section 11 benefit, ITR -5 may be used for filing income tax return which can be furnished in paper form also.
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