Menu
audit for trust
what is audit limit for trust
Replies (2)
it's compulsory for charitable trust.
Genrally Income of a Public trust is EXEMPTED U/S 11 OR 12, If Certain Condition Are fullfilled by Trust. (85% Exp. Incurred during the year for trust )But All Income are to be Exempted, Trust have to be Audited by C.A. ( As Per IT Act)
Recent Topics :
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
Related Topics :
CAclubindia
