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Tax Audit Of Charitable Trust Running School

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(Querist)
21 October 2007 Does the Trust whose object is welfare to the Society running a School and Charges fees for meeting its expenditure and Facilities provided to the student and earn Income/loss may be treated as a business activitiesand liable for tax audit u/s 44AB.
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bkishwar

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bkishwar (Querist)
21 October 2007 Does the Trust whose object is welfare to the Society running a School and Charges fees for meeting its expenditure and Facilities provided to the student and earn Income/loss may be treated as a business activitiesand liable for tax audit u/s 44AB.
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M Janak Rao

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M Janak Rao (Expert)
21 October 2007 Trust/Society running any activities, Complosray for Audit Report,U/s 44AB.

2.And also required for your'e record purpose,because The Receipts and Payment is True/False.

3.Audit report is complosary for Next Meetings and other activites.
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bkishwar

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bkishwar (Querist)
21 October 2007 Dear Sir
Perhaps you have not understood my question.There is a difference between the Business and social activities/Welfare.If it is a Welfare surely then it is not a business hence Audit under section 44AB does not require.
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