Whenever I try to file return ITR 5 for trust (whose taxable income is below exemption limit), the utility calculates 30% as tax on the surplus fund..
Trust is not yet registered under 12A/80G
Their total donation received during the financial year is ₹.11000/- ..No other receipts.
please clarify
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Trust Return filing
Replies (1)
In order to avail the 15% exemption and other deductions, trust need to be registered u/s 12A
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