Trusts
This query is : Resolved
05 February 2017
is Tax audit u/s 44AB applicable in the following case.....
ABC trust registered u/s 12AA, has total annual receipts of 30 crores, including income from incidental commercial activities of Rs. 1.5 crores...
05 February 2017
Tax audit u/s 44AB not required in the above case. The income from commercial activities is incidental and within limits(only 5%).
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