while filing a return of unregistered trust what will be appropriate choice for "nature of service" in return form?
Whether balance sheet is required to b filled in the form?
1 Replies
DINU SUKUMAR
(Audit Manager)
(176 Points)
Replied 27 March 2014
Dear Uma,
In my opinion balance sheet is required to be filed only if section 44AA under income tax act is applicable to the trust.If the trust is unregistered the status is AOP and hence ITR-5 is applicable. Nature service is required to be filed if the trust have any business or profession, otherwise this is not applicable. If it is mandatory in the ITR. The only option is select "any other" to file ITR only.
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