Question ID : 31644

Taxability of Unregistered Trust

My client is having a Charitable trust for women empowerment. He has apllied for 12AA registration which is pending for approval. For FY16 ITR-7 was filed and tax was calculated based on slab. There is only one trusty in the trust and the taxable income of the trusty was below the taxable limit. In the intimation us 143(1), received from Department, tax was calculated @ MMR. Kindly let me know how to proceed with the intimation and taxability of income of Trust.

posted by Vivek Khemka on May 22 2018 12:00AM