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Expenses incurred for object disallowed

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....xpenses incurred for object disallowed<br> Query (Issue) Started By: - GOPAL HARLALKA Dated:- 20-6-2019 Last Reply Date:- 3-7-2019 Income Tax<br>Got 1 Reply<br>Income Tax<br>Assessee is a trust regist....

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....ered under soceities Registeration Act. However it is not registered u/s 12A of the Income Tax Act. Total receipt during the year is. &#8377; 31,39,726. Expenditure incurred for the object of the t....

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....rust &#8377; 26,51,438/- Surplus of income over expenditure is &#8377; 4,88,288 Tax has been paid on &#8377; 4,.88,288/- Return has been filed in form No.7 CPS has has disallowed expenses for &#837....

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....7; 26,51,438.- and computed tax on entire receipt of Rs, 31,31,726/- Rectification u/s 154 was filed but again tax been computed on entire receipt. Please suggest the action to be taken for determin....

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....ation of correct income In subsequent and earlier year return has been filed in form no. 5 and income has been computed correctly Reply By Nandan Khambete: The Reply: For claiming exemption u/s 11....

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.... or 12, Registration u/s 12A is a must<br> Discussion Forum - Knowledge Sharing ....