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Charitable trust

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(Querist)
03 December 2014 dear sir, whether audit of charitable trust will be applicable in following case: Donation received without specific direction is around 300000 and revnue expenditure of trust is also around 300000 ie there is net defict.Now my question is whether audit will be applicable.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2014 The statutory audit of a TRUST is to be carried out irrespective of the fact whether or NOT it has any income.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 December 2014 its mandatory by law.............................
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