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Tax audit for trust

Others 947 views 2 replies

Public charitable trust running an International School, Is there a need for tax audit if gross receipt from school fees is more than 1 crore.

Income of trust is exempt u/s 10(23) of the Income tax act, 1961

 

Replies (2)

Yes. Tax Audit is required to be done.

yes as per Section 12 , trust is requried to be audited.


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