Please Help: E-filing of Income Tax Return of a Trust
Posted Date : 01-Sep-2011 , 01:55:46 pm | Posted By: ABHINAV JANDIAL
Category :
Income Tax | Answers :
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Comments :
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Whether E-filing of Income tax return incase of a Improvement trust making losses and whose accounts are required to be audited is mandatory or not for the Assessment year 2011-12. |
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Answers:
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Answer by: Ashish Karundia |
Dear Friend,
I understand that the return is required to be filed in ITR-7 [ under section 139(4AB/4B/4C/4D)]. Rule 12(1)(g) of Income tax Rules, 1962 read with clause (b) of Proviso to rule 12(3) of Income Tax Rules, 1962 provides that return in ITR-7 has to be filed in paper form (not electronically).
Trust this answers your query.
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Comments |
Posted By : CA SUBHASH KR. |
02-Sep-2011, 11:33:29 |
Yes , Trust is liable to Audit but E filling is not permitted . ITR 7 has to be sumitted in Only Paper format. |
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Posted By : CA VIPIN GARG |
01-Sep-2011, 02:21:13 |
yes trust is liable to audit and e-filing is also compulsary in the case of trust because of liability of tax audit |
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