How does a trust file its income tax return?

Short answerA trust files its income-tax return in Form ITR-7. A 12AB-registered trust must apply at least 85% of its income to its charitable objects to keep the exemption, file the audit report (Form 10B/10BB) where required, and file the return by the due date.

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.

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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.

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