banner_ad

Charitable trust

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 December 2014 for audit of trust surplus amount is considered ie Income -expenditure or the income shown in credit side of income and expenditure account.

Further according to provision total income exceeds witout giving effect of section 11 and 12 exceed taxable limit then audit is required.So my question is whether total income will be surplus part or the income credited in income and expenditure account.Kindly reply.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
04 December 2014 it means gross income without any deduction or claiming any exemption.
Profile Image

mohit agrawal

Profile Image

mohit agrawal (Querist)
04 December 2014 can u please elaborate the provision
where gosss income word has been used
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details