Our government company has created a Group gratuity trust with LIC which has also been approved by CIT under rule 4 of part C of Income tax Act. We are in facing an issue regarding filling of Income tax return of the trust that in which section we can file the return and which ITR form will be use. If we file ITR 7, then no section 10 (25) is reflecting in the return.
Please help regarding following:-
1. Which ITR form will be filed for trust
2. Under which section we can file the return
3. Required documents for uploading the return
Thanks in advance
CA Ganga Ram
Mob 9717644081
Government Company Seeks Guidance on Correct ITR Form for Group Gratuity Trust Under Rule 4, Part C, Income Tax Act A government company has established a Group Gratuity Trust with LIC, approved by CIT under rule 4 of part C of the Income Tax Act. The issue raised concerns the correct section and ITR form for filing the trust's income tax return, specifically noting that ITR 7 does not reflect Section 10(25). The query seeks guidance on the appropriate ITR form, filing section, and necessary documents. The response confirms the absence of Section 10(25) in ITR 7, mentioning the presence of other sections, and requests updates if a resolution is found. (AI Summary)