26 July 2013
Education trust received total donation of rs. 1, 45000. In f.y.12-13. It Is registured trust pls tell me whether it is required to d audit .? What is the due date of filing income return ..?
27 July 2013
Audit is not mandatory vide section 12A(1)(b) of the Income tax Act,1961. Return filing is also not mandatory vide section 139 (4A) of the said act.