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Gaushala (Cowshed)- Society Audit requirement regarding

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(Querist)
06 July 2020 Dear Experts,
Do a Gaushala (Registered under Societies act) in Uttar Pradesh is required to undergo an audit. What is the threshold of audit for a society. Is there any special exemption for Gaushala (Cowshed) related society.

Thanks in Advance
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
09 August 2020 Tax audit is compulsory if turnover of society (engaged in business) is more than ` 1 crore (w.e.f. A.Y. 2013-14) [` 60 lakhs for A.Ys. 2011-12 & 2012-13]. Tax Audit provisions is generally not applicable to societies which do not carry on any business. For example, housing societies in years of construction of building premises and redevelopments of their properties, provisions of section 44AB would not apply as there is no business activity.
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