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Educational trust u/s. 10 (23c) (iiiad)

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(Querist)
15 August 2015 The assess is an educational trust substantially financed by the Central Government by way of Unsecured Loan. The total receipts of the Trust is below Rs. 100.00 Lacs. Whether it requires compulsory Audit? If yes, under which form?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 August 2015 Compulsory audit not required.

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