Is it mandatory for a
trust to file return of income?
It is mandatory for a trust referred to in Sections
139(4A), 139(4C), 139(4D) and 139(4E) to
file the return of income.
Further, a trust (not covered in above provision) is
required to file return of income if its gross total income exceeds the maximum
amount which is not chargeable to tax.
Which form shall be
used to file return of income?
A trust who is required to furnish return of income in
accordance with provision of Sections
139(4A), 139(4C), 139(4D) and 139(4E) shall
file return in ITR 7 otherwise in ITR 5.
ITR 5 For persons other than,- (i) individual, (ii) HUF,
(iii) company and (iv) person filing Form ITR-7
ITR 7For persons including companies required to furnish
return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only
Whether e-filing of
return is mandatory for a trust?
It is mandatory for a trust to file return of income
electronically with or without digital signature. A trust may also file return
of income under Electronic Verification Code. However, a trust liable to get
its accounts audited under section
44AB shall furnish the return electronically under digital signature.
Due dates for filing
of return?
The due dates of filing of return by a trust are as follows:
Particulars Due Dates
A Trust who is required to get its accounts audited under
the Income tax Act or Under any other law
- September 30 of the Assessment
year
A Trust who is required t furnish a report in Form No.3CEB
under section 92E November 30 of the assessment year
