Audit of trusts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2013
let me know what is the limit for audit of trust.
30 September 2013
If the total income of the trust ,before claiming deduction u/s 11 and 12 ,exceeds Rs.2,50,000/- audit under the Income tax Act,1961 is compulsory. Please refer section 12A (1)(b) of the said act.
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