Sourav Modi (Learner!) (306 Points)
29 September 2011Well, a trust is compulsorily required to file its IT return if its income beofre considering exemptions under 11 and 12 is more than the basic exemption limit. But if there is no tax liability, should it be mandatorily filed before 30th september?
Sourav
swati
(Officer-Accounts-Shared Services)
(67 Points)
Replied 29 September 2011
even if it is nt having the tax liability still trust is req ti file the return if its gross income exceeds the exemption limit......though after the deduction its income goes below the exemption limit....
Sourav Modi
(Learner!)
(306 Points)
Replied 29 September 2011
well, I know that trust is compulsorily required to file return in the above situation but my query is whether the return should be mandatorily filed within 30th september? If there is no tax liablity, cant it be filed afterwards?
Sourav
CAclubindia
