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Trust Audit

This query is : Resolved 
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(Querist)
18 February 2010 Experts i want 2 know how to perform TRUST AUDIT. i.e wht are legal consequences to be check,i.e A to Z of trust Audit

I will be thankful if u entertain my query
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sivadas chettoor

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sivadas chettoor (Expert)
19 February 2010 Check the constitution first. Check the objectives carefully if claiming exemption under IT act 1961, check the provisions of tax in case of private trusts as well as public trusts not enjoying exemption. The do the audit as usual.AS would also apply.

siva208@yahoo.com
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