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Question ID : 27356

ITR of AOP Trust not Registerd u.s 12AA

Indian Academy of Association, 1. It’s a Registered Society with the Registrar of Societies 2. Having PAN as AOP – Trust 3. The Society is not Registered us 12AA of the Income Tax Act S.No. Financial Year A.Y. Particulars 1 2012-13 13-14 The ITR is filed as Business Income Receipts Rs. 255500- Expenses Rs. 190765- Net Surplus Rs. 64735- 2 2013-14 The ITR is filed on 31.03.2016 online Receipts Rs. 311930- Expenses Rs. 269456- Surplus Rs. 42474- 1. ITR was Wrongly filed as Registered us 12AA and filed Audit Report in Form 10B 2. Notice us 139(9) dated 28.04.16 issued for claim of Sec 11 3. Order us 143(1) dated 11.10.16 issued having demand of Rs.145760- assessed as AOP - Trust 4. The same did not give Basic Exemption of Rs 250000- for AOP 5. Rectification us 154 was filed online on 21.04.17 6. Rectification Rejection Order issued on 25.04.17 stating that,” the assessee has not provided Registration details us 12A 12AA. Hence Deduction us 11 is not allowed. Due date 31.07.14 3 2014-15 15-16 The ITR is filed on 31.03.2016 online Receipts Rs. 324894- Expenses Rs. 322385- Surplus Rs. 2508- 1. The ITR was Wrongly filed as Registered us 12AA and filed Audit Report in Form 10B 2. Notice us 139(9) dated 27.04.16 issued for claim of Sec 11and TCS 3. Notice us139(9) Reminder dated 14.07.16 and dated 30.01.17 again issued stating no Audit flag and TDS Income is not matching 4. Order us 143(1) dated 30.03.17 issued having demand of Rs.133190- assessed as AOP - Trust 5. The same did not give Basic Exemption of Rs 250000- for AOP 6. Rectification us 154 was filed online on 21.04.17 7. Rectification Rejection Order issued on 25.04.17 stating that,” the Income disclosed in the ITR is not commensurate with the receipts for which TDS is made. The case is transferred to the Jurisdictional AO. Due date 31.07.15 4 2015-16 16-17 The ITR is filed on 01.04.2017 online Receipts Rs. 247842-

Posted by AJAY JAIN on Dec 20, 2017

Filed Under DIRECT TAXES