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Audit report under form 10 b

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2018 A Trust is registered under Bombay Public Trust Act but NOT Registered U/S 12 A of Income Tax Act. Its total Revenue is 19,31,037/- and Net Surplus is Rs. 3,48,466/- for the Assessment Year 2018-19.
The Trust is getting Audit Report Under Form 10B and filling Income Tax Return. It also claimed the Deductions towards Capital Expenditure U/S. 11.
Kindly guide whether the audit without Registering U/S 12 A is correct or what should the Trust have to do.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 October 2018 Audit report under form 10b and filing of ITR 7 not required for 12A not registered trust. File ITR 5 without audit report.
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