29 September 2013
Which section of income tax covered societies registered under Society Registration act 1860 of india ? if the gross receipt of said society is 99 laks, the tax audit is compulsory or not. Please mention.
29 September 2013
if it is covered under 12A/12AA, then the applicable audit is Form 10B (Refer section 12A(1)(b) and Rule 17B of the income tax rules).
If not, then tax audit in not applicable (under 44AB). 44AD is not allowed.