​RETURN FILING UNDER TRUST

 

​​​​​​​​​​​​​RETURN FILING UNDER TRUST

​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.

ITRDescription

ITR 5 ​For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7

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Instructions

ITR 7For persons including companies required to furnish return under Sections 139(4A)​, 139(4B), 139(4C) and 139(4ED only

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Instructions

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View Previous Year Return Forms

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:

ParticularsDue Dates

A trust who is required to get its accounts audited under the Income-tax Act or under any other lawOctober 31st of the assessment year

A trust who is required to furnish a report in Form No. 3CEB under section 92E​November 30 of the assessment year

​In any other case July 31 of the assessment year