Audit under society act
This query is : Resolved
03 March 2010
sir we have a client based on orisa- he runs a school there register under society act.
He required us to give him audit report. I am confused with whether we will submit our report under Orisa society act. But then question comes whether is there any Orisa Society act.please suggest. it is urgent
He required us to give him audit report. I am confused with whether we will submit our report under Orisa society act. But then question comes whether is there any Orisa Society act.please suggest. it is urgent
03 March 2010
You have to conduct the audit under Income Tax Act,1961, not under the societies Act. If registered under 12A file ITR-7 otherwise ITR-5.
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