FORM 10BB/10B REQUIRED OR NOT
This query is : Resolved
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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