Effect of denial of exemption to charitable Trust u/s11

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....ffect of denial of exemption to charitable Trust u/s11<br> Query (Issue) Started By: - Rajaraman Iyer Dated:- 15-10-2020 Last Reply Date:- 27-10-2020 Income Tax<br>Got 1 Reply<br>Income Tax<br>In the ....

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....assessment of Charitable Trust, exemption u/s11 was rejected. What is the method of computation of Income? The view of the department is that entire income will be charged to tax. More importantly, no....

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.... application of Income for charitable purposes will be considered. To illustrate: Donations 100/- Interest Income &#8377; 1000/- Lets us say application is &#8377; 995/=. due to not filing the Form10....

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....B in time, Exemption rejected. Now the Department says &#8377; 1,100/= will be taxed without giving recognition to &#8377; 995/- spent towards objectives of the Trust. . Reply By RAHUL AGRAHARI: The ....

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....Reply: Dear, Mr. Rajaraman Iyer Please let us know whether you file ITR-5 or ITR-7? As per the Income tax rule If your Exemption u/s 11 was rejected till the scrutinies date (i.e. 30th september of....

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.... Succeeding year ) then you can not claim exemption u/s 11. you need to file ITR-5 till the approval of 12A/80G and will have to pay the tax on the income . Thanks<br> Discussion Forum - Knowledge S....

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....haring ....