whether to file ITR every year or not, Income Tax

[swarupa mohanty]

Sir,

The assessee is a Recognized Provident Fund Trust duly approved by the CIT, thus exemption u/s 10(25)ii of the Income Tax Act,1961.

Qus - a. whether the trust has to file ITR every year or not ?

b. The assessee had inadvertently e-filed the return by not claiming the exemption u/s-10(25)ii , resulting to a demand raised by CPC what cause of action available ?

Posts / Replies

[Ganeshan Kalyani]

To my mind the compliance of filing of return is essential and error in doing so is encounter by most of the assesee. It is always better to appoint consultant. Other wise to meet and explain the Authority the fact that prevails in your case. Thanks.