Filing of income tax returns of a trust

Maheswaran.N (owned) (51 Points)

29 September 2016  

A Trust registered under section 12A has gross receipts less than the taxable limit ie Rs.2.50 lakhs

Income Tax has not been filed before due date ie., 31st July 2016

The Trust now desires to file belated return.  

Will there be any consequences due to late filing of IT return.   

Thanks,

Maheswar