Return filing obligations for trusts: failure to file prescribed forms triggers special taxation on specified income and administrative limits. Return filing obligations for trusts arise when income from trust property exceeds the non taxable threshold; such persons must furnish a prescribed return and comply with audit linked due dates. Form 9A must be filed in advance of the ROI deadline, with delegated authorities able to condone delay on application. Failure to file Form 9A timely causes the disallowed accumulated or set apart income to be taxed as specified income at the special rate of thirty percent. CBDT circulars have granted extensions for filing Forms 10B/10BB in particular years, and condonation applications face a three year limitation and prescribed disposal targets.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Return filing obligations for trusts: failure to file prescribed forms triggers special taxation on specified income and administrative limits.
Return filing obligations for trusts arise when income from trust property exceeds the non taxable threshold; such persons must furnish a prescribed return and comply with audit linked due dates. Form 9A must be filed in advance of the ROI deadline, with delegated authorities able to condone delay on application. Failure to file Form 9A timely causes the disallowed accumulated or set apart income to be taxed as specified income at the special rate of thirty percent. CBDT circulars have granted extensions for filing Forms 10B/10BB in particular years, and condonation applications face a three year limitation and prescribed disposal targets.
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