Form 10B in case of a trust
Pooja Kotegar (14 Points)
20 August 2019
What are the consequences if Form10B is filed after 1 or 2 weeks of filing ITR in case of a trust?
3 Replies
Kapadia Pravin
(17264 Points)
Replied 20 August 2019
The failure to furnish such report in the prescribed form along with the return of income results in disentitlement of the trust from claiming exemption under sections 11 and 12 of the Act.
Kapadia Pravin
(17264 Points)
Replied 20 August 2019
There is still time till 30th Sept to file return for trust where audit is there. Get this done and get 10B and file return.
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