Dear Experts,
An NGO trust not filed their ITR for the last 10 years, income is below 10k for all the preceding years, It is not registered under 12AA.
So is it mandatory file to the audit report and ITR?
Thanks in Advance .
Menu
Trust Audit mandatory?
Replies (2)
Not if all the beneficiaries are below BEL.... otherwise MAT applicable, and hence return filing becomes mandatory; but no need of tax audit report.
Though unregistered but are you holding PAN card . And if yes then it's under AOP ?
How's the income 10000/- in cash or cheque ?
If an AOP with indeterminate interest of beneficiaries then tax will be at 30% slab rate + 4% Cess.
No audit report but return filing is must.
How's the income 10000/- in cash or cheque ?
If an AOP with indeterminate interest of beneficiaries then tax will be at 30% slab rate + 4% Cess.
No audit report but return filing is must.
Recent Threads
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
Related Threads
CAclubindia
