16 August 2023
Form 10BB is required if all of the following criteria are fulfilled:
The total income of the trust or institution [whether registered under 12AB or 10(23C)] without giving effect to the provisions of sections 11 and 12 or Section 10(23C) (iv), (v), (vi), (via) of the Act, is up to Rupees five Crore; The trust or institution has not received any foreign contribution during the previous year; The trust or institution has not applied any part of its income outside India during the previous year.
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