FORM 10BB/10B REQUIRED OR NOT
This query is : Resolved
Chandra Kala
(Querist)
25 August 2026
OUR IS CHARITABLE TRUST REGISTERED UNDER TRUST. OUR DONATIONS IS 250000 AND EXPENSES ARE 240000 WE HAVE SURPLUS 10000. SHALL WE FILE AUDIT REPORT OF 10BB/10B FOR THE AY 2026-2027
25 August 2026
For a charitable trust with donations of ₹2,50,000 and expenses of ₹2,40,000 (surplus of ₹10,000), Form 10B/10BB audit is not required for AY 2026-2027, provided the total income/receipts before exemptions under sections 11 and 12 do not exceed the basic exemption limit.
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