3CB APPLICABILITY FOR TRUST
This query is : Resolved
30 October 2023
Is 3CB-3CD applicable for trusts having turnover above 1 crore and having 12A registration.
30 October 2023
The guidance note on Tax Audit suggests that even if the business income of the trust is to be computed under Section 11, it will have to get its accounts audited and furnish such audit report for purposes of section 44AB if its turnover in business exceeds the prescribed limit
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