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Tax audit of trust

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(Querist)
02 January 2015 Is it Compulsory audit of society, whether it is registered u/s 12AA or not?
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Rupesh Jain

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Rupesh Jain (Expert)
02 January 2015 it is not compulsory for audit for every society.
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madhu

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madhu (Querist)
02 January 2015 what is the cretia for audit?
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madhu

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madhu (Querist)
02 January 2015 Is there any limit of gross receipts of trust for audit under IT act like business turnover excceding 1crore.
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 January 2015 Trusts registered under Indian Trust Act, or even Societies Act 1860.... The AUDIT is compulsory under that Act.

For Tax Audit the same conditions as that of 1 crore becomes applicable.
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madhu

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madhu (Querist)
02 January 2015 Thanks Amol sir.................
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 January 2015 You are most welcome
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