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TMI BlogReturn Filling of Trust or institutionX X X X Extracts X X X X X X X X Extracts X X X X ..... ust shall, if the total income respect of which he is assessable under this Act without giving effect to the provisions of sections 11 and 12 exceeds the maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous year in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed and all the prov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that is, by 31st August (b) Application for Condonation Delay if Form is not filed by 31st August Make application under section 119(2) for condonation of delay Power to condone delay in filing Form 9A delegated to CIT/ CCIT /PCIT. (c) Rate of tax applicable if form 9A Not file any specified income shall be taxable 30% on the aggregate of such specified income (excluding surcharge/ cess ) section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allows those trusts / institutions which have furnished audit report on or before 31st October, 2023 in Form No. 10B where Form No. 10BB was applicable and vice-versa, to furnish the audit report under clause (b) of the tenth proviso to section 10(23C) and sub-clause (ii) of clause (b) of section 12A(1) of the Income-tax Act, 1961 , in the applicable Form No. 10B / 10BB for the assessment year 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thin three years from the end of the assessment year will be applicable for application filed on or after the date of issue of this Circular. A condonation application should be disposed of, as far as possible, within six months from the end of the month in which such application is received by the Competent Authority. [ Circular No. 16/2024 dated 18.11.2024 ] - Manuals - Ready reckoner - Law an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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