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ITR filing services in India for individuals, freelancers, HUFs, and proprietorships – accurate income tax return filing, TDS returns, advance tax calculation, and expert tax consultancy by qualified CAs

Other ITR

In India, the Income Tax Act governs various types of taxes and returns beyond standard individual and corporate taxation. Entities such as charitable trusts, societies, accreted income, amalgamation and demerger cases, business organizations, tonnage tax, political parties, Hindu Undivided Families (HUFs), electoral trusts, liquidation cases, Minimum Alternate Tax (MAT), and Alternate Minimum Tax (AMT) all have unique tax obligations. This guide provides an in-depth overview of the registration process, timelines, required documents, and filing procedures.

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01

Charitable Trusts and Societies

Types of Registration

  • Section 12A Registration: Enables tax exemption for the trust.

  • 80G Registration: Allows donors to claim tax deductions on donations.

  • FCRA Registration: Required for trusts receiving foreign contributions.

Step-by-Step Process​

  1. Apply through Form 10A/10AB on the Income Tax portal.

  2. Submit necessary documents such as trust deed, financials, PAN, and list of trustees.

  3. Verification and approval by the Income Tax Department.

  4. Issuance of 12A/80G certificate, which is initially valid for 3-5 years and can be renewed.

Timeline: 3 to 6 months
Required Documents:

  • PAN of trust/society

  • Trust deed

  • Financial statements for the last three years

  • Details of trustees and their PANs

  • Activities report of the trust/society

  • Affidavit regarding non-engagement in prohibited activities
     

Tax Compliance for Charitable Trusts

  • Must file ITR-7 annually.

  • Maintain books of accounts and receipts for verification.

  • Donations received must be used for charitable purposes within the timeline specified.

02

Accreted Income (Exit Tax under Section 115TD)

Applicability

  • Levied on accumulated income when a trust ceases to be charitable or fails to transfer assets to another charitable entity.

  • Tax rate: Maximum marginal rate (MMR) of 34.944%.

Accreted income tax filing under Section 115TD in India – expert ITR filing services for charitable trusts and institutions, calculation of exit tax, compliance with income tax laws, and CA consultation for Section 12A/80G withdrawal cases

Filing Process

  1. Compute accreted income as per the formula: Total assets – Liabilities.

  2. File ITR-7 and disclose accreted income under Schedule 115TD.

  3. Pay exit tax before dissolution or merger of the trust.

Common Issues and Penalties

Late payment attracts interest under Section 234B/234C.Non-disclosure leads to scrutiny and penalties up to 200% of the tax evaded.

Amalgamation and demerger ITR filing services in India – expert tax filing for merged and demerged companies, capital gains reporting, carry forward of losses, Section 72A compliance, and professional CA advisory

03

Amalgamation and Demerger

Tax Implications

  • Tax neutrality applies if conditions under Section 47 are met.

  • Losses and unabsorbed depreciation can be carried forward under Section 72A if continuity of business conditions is satisfied.

  • Capital gains tax is not applicable for shareholders in case of qualifying amalgamation/demerger.

Filing Process

  1. Obtain approval from NCLT for amalgamation/demerger.

  2. Transfer tax benefits under Form 3CEB if applicable.

  3. File ITR-6 for the merging/de-merged entity.

04

Tonnage Tax (Shipping Business)

Eligibility

  • Applicable under Section 115V for shipping companies.

  • Opting for tonnage taxation allows companies to pay tax based on the tonnage of ships operated instead of net income.

Tonnage tax ITR filing services in India – expert income tax return filing under tonnage tax scheme for shipping companies, Section 115V compliance, tax calculation on net tonnage, and CA support for marine businesses

Filing Process
File Form 66 for opting tonnage tax scheme.
Submit ITR-6 with tonnage-based income calculations.
Maintain records of ship movements for compliance.

Tax Rate
Based on tonnage slabs ranging from Rs. 1,000 to Rs. 10,000 per ton per day.

ITR filing services for political parties and electoral trusts in India – expert income tax return filing under Section 13A and 13B, donation reporting, audit report in Form 10BB, and CA support for tax compliance and exemptions

05

Political Parties and Electoral Trusts

Exemptions and Compliance

  • Political parties registered under Section 13A are tax-exempt if they maintain proper accounts.

  • Electoral trusts registered under Section 80GGC allow donors to claim tax deductions.

Filing Process

  1. File ITR-7 for tax exemption claims.

  2. Maintain audited financial statements and donation records.

06

Hindu Undivided Family (HUF)

Taxation Rules

  • Separate PAN and tax identity.

  • Income taxed under slab rates, same as individuals.

​​

Registration & Filing

  • Obtain PAN for HUF.

  • File ITR-2 or ITR-3 depending on business income.

  • Maintain records of ancestral property and transactions.

HUF ITR filing services in India – expert income tax return filing for Hindu Undivided Family, capital gains reporting, income splitting benefits, Form ITR-2/ITR-3 filing, and CA assistance for tax planning and compliance
Chartered Accountant services in India – tax filing, GST returns, accounting, audit, company registration, and legal compliance support

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01

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