Charitable Trusts Exemption under section 11Delay in filing Form No. 10B

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The Tax Publishers Charitable Trusts--Exemption under section 11--Delay in filing Form No. 10B Query Delay in filing Form 10B before or along with ITR/Non-filing of Form 10B. Can the department deny exemption eligible under section 11 to the trust under above circumstance please provide relevant court verdicts and rulings. Reply By virtue of section 12A(1)(b) as currently applicable exemption under section 11 and 12 shall be available when audit report is filed one month prior to due date for furnishing of return of income. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Charitable Trusts--Exemption under section 11--Delay in filing Form No. 10B

Query

Delay in filing Form 10B before or along with ITR/Non-filing of Form 10B. Can the department deny exemption eligible under section 11 to the trust under above circumstance please provide relevant court verdicts and rulings.

Reply

By virtue of section 12A(1)(b) as currently applicable exemption under section 11 and 12 shall be available when audit report is filed one month prior to due date for furnishing of return of income.