ITR-7 + 85% application
File ITR-7; apply 85%+ of income to objects, or accumulate properly to retain exemption.
Audit report where needed
File Form 10B/10BB if the trust’s income crosses the limit. Confirm which form.
File ITR-7; apply 85%+ of income to objects, or accumulate properly to retain exemption.
File Form 10B/10BB if the trust’s income crosses the limit. Confirm which form.
Need your trust's return filed correctly? You can message him directly, or book a short call to talk through your situation.
This answer is general information for trusts and societies, not tax or legal advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.