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Form 10B

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2009 While filling the audit report in Form 10B for charitable institutions, point no 1 is Amount of income of the previous year applied to charitable or religious purposes in India during that year. Under this do we write the entire receipt for the year or amount actually applied for charitable objects ? letss say total receipt for the yr is Rs 100 and amount applied or used on charitable object is Rs 70, what should we write in this point?
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Jagdish Narayan Sawant

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Jagdish Narayan Sawant (Expert)
09 December 2009 you have to write amount which is actually applied or used on charitable objects. i.e. in your given example it is Rs. 70
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
09 December 2009 Agree
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