Income tax return of family trust
YATIN
(Querist) 10 May 2013
This query is : Open
Sir
My father by his WILL had formed a discretionary family trust. After his death the said trust was formed and its return are filled regularly showing its status as” Individual” which is possible as one discretionary trust created by WILL enjoys status of individual as per Income tax law.
This year its manual return was not accepted and were told to file e-return. After filling in all details we were not in a position to file Form 1. We were directed to go for Form 5 on site.
1) How do we file return of this trust as individual on I Tax website ?
The trust has only interest income and no business income.
