Doubts on trust
kavksatyanarayana
(Querist) 24 May 2013
This query is : Resolved
Sirs/Madams, if a person created a trust for charitable services and it was registered in Registrar office2/3 yrs back. Creator/founder of the trust appointed trustees, and there is a clause that it will be get exemption under Sec 12 of IT Act from Income tax department. but he did not file the returns till date and get the exemption.
the question are: can he file the returns for the last three yrs now? (2) if he wants to amend some clauses or change the trustees, can he make changes after filing of income tax returns or before that? (3) now can he apply for exemption u/s 12? if any procedure please guide
R.K Nanda
(Expert) 25 May 2013
yes, he can do it.