Audit of trust
This query is : Resolved
17 November 2014
Sir,
If a Trust (Unregistered under Income Tax Act) has total income of Rs. 2,22659/-
Is it Mandatory to do a audit of this Trust?
Kindly guide me.
If a Trust (Unregistered under Income Tax Act) has total income of Rs. 2,22659/-
Is it Mandatory to do a audit of this Trust?
Kindly guide me.
17 November 2014
Not under Income Tax Act. But under Indian Trust Act, Audit is compulsory for trusts.
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