Trust audit report

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2013 Dear Sir,

Please clarify the following

in case the trust is not having registered u/s 12a can we file the audit report u/s 10b
and can we show the application of income for that purpose

that trust is having Rs.8,00,000 turnover

Ganeshbabu K

Ganeshbabu K (Expert)
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03 August 2013 Yes audit report is required..

audit report is mandatory if voluntary contributions exceeds basic exemption list

So in your case it is 8 lakhs so you need to get audit report under 10b and due date is 30 september

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 August 2013 Audit report in form 10B is not required if turst is not registered with income tax department.
Application of income u/s 11 can't be claimed for want of the above said registration.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2013 thank you sir,

But the trust is required to get its accounts audited if its total income before exemption u/s 11 exceeds basic exemption limit then what is the audit report format,since, form 10b is not applicable

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