banner_ad

Audit of Charitable Trust

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 February 2009 For A.Y. 2009-10 what is the limit for Audit of Charitable Trust? Is it income Exceeding Rs.1,50,000/-.
Profile Image

CA. B.SRINIVASULU

Profile Image

CA. B.SRINIVASULU (Expert)
09 February 2009 Wheter it is a registered trust under income tax act or unregistered trust. If it is unregisterd trust it will be treated on par with aop and basic exemption of Rs.150000 will be exempt. If it is a registered public trust where exemption is there then you can cliam exempiton as per taxation of charitable institutions.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
09 February 2009 Where the total income of the trust as computed under the IT Act,1961, before exemption u/s 11 & 12 exceeds Rs 1,50,000/- the accounts of the trust for that year are to be audited and audit report in form 10B is to be filed with the return of income. Ref:- section 12A(b) of The income Tax Act,1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details