https://www.taxtmi.com/forum/issue?id=114871 Whether ITR-7 applicability extends to a trust with receipts above the threshold when no exemptions were claimed and the filed Form 7 is treated as defective; CPC has advised re-filing in ITR-1 to ITR-6 (likely ITR-5). The central compliance question is whether to compute income under trust accounting and report the taxable amount directly in the alternative form, or apply a slab-based tax computation for non-exempt trusts when completing the replacement return. en-us Tue, 16 Apr 2019 15:46:46 +0530 Thu, 23 Jan 2025 15:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114871 Whether ITR-7 applicability extends to a trust with receipts above the threshold when no exemptions were claimed and the filed Form 7 is treated as defective; CPC has advised re-filing in ITR-1 to ITR-6 (likely ITR-5). The central compliance question is whether to compute income under trust accounting and report the taxable amount directly in the alternative form, or apply a slab-based tax computation for non-exempt trusts when completing the replacement return. Discussion-Forum Income Tax Tue, 16 Apr 2019 15:46:46 +0530 https://www.taxtmi.com/forum/issue?id=114871