Audit Report 10BB-Want to confirm that in case when we are claiming exemption of 10(23C)(iiiad) then
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nitin gulati
(Querist)
10 October 2025
Want to confirm that in case when we are claiming exemption of 10(23C)(iiiad)(society running school with fee less than 5CR only education purpose) then whether form 10BB ie audit report is mandatory or not in FY-2045-25.
Dhirajlal Rambhia
(Expert)
10 October 2025
For the financial year 2024-25, a society running a school claiming exemption under section 10(23C)(iiiad) (i.e., educational institution with annual receipts not exceeding ₹5 crore and solely engaged in education) is generally not required to file Form 10BB audit report if its receipts are less than ₹5 crore, no foreign contribution is received, and no income is applied outside India.
Dhirajlal Rambhia
(Expert)
10 October 2025
Recent Rules and Notification Summary
For pure 10(23C)(iiiad) claims (annual receipts ≤ ₹5 crore, education only, no foreign contribution, no foreign application of income), there is no statutory requirement to file Form 10BB for FY 2024-25.
Filing Form 10BB becomes necessary only if one or more of the exceptional conditions are met (receipts above ₹5 crore, foreign contribution, or income applied outside India).
This is consistent with department guidance, FAQs, and expert commentary.
For pure 10(23C)(iiiad) claims (annual receipts ≤ ₹5 crore, education only, no foreign contribution, no foreign application of income), there is no statutory requirement to file Form 10BB for FY 2024-25.
Filing Form 10BB becomes necessary only if one or more of the exceptional conditions are met (receipts above ₹5 crore, foreign contribution, or income applied outside India).
This is consistent with department guidance, FAQs, and expert commentary.
nitin gulati
(Querist)
11 October 2025
Thanks a lot for your timely reply
Dhirajlal Rambhia
(Expert)
11 October 2025
You are welcome.
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