Tax audit of trust
This query is : Resolved
02 January 2015
Is it Compulsory audit of society, whether it is registered u/s 12AA or not?
Rupesh Jain
(Expert)
02 January 2015
it is not compulsory for audit for every society.
02 January 2015
Is there any limit of gross receipts of trust for audit under IT act like business turnover excceding 1crore.
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.
For Tax Audit the same conditions as that of 1 crore becomes applicable.
Amol S Joglekar
(Expert)
02 January 2015
You are most welcome
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