Dear All,
in case of donation below 2.5l, it is mandatory to file audit report u/s 10BB
AS RECEIVED A NOTICE U/S 143(1)(a)(ii) that total income exceed maximum amount which is not
chargeable to tax.
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TRUST PROV REGISTERED 143(1) adjustment
Replies (1)
Yes, it is mandatory, as the basic exemption limit for trust depends upon the shares of its members. Where the individual share of the members of AOP/BOI in the whole or part of its income are indeterminate or unknown, tax shall be charged on the Total Income (exclusive of income taxable at special rate) of the AOP/BOI at the maximum marginal rate.
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