Audit for trust u/s 12a

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Articles Assisstant
499 Points Posted on 03 September 2022
Is audit mandatory for the trust registered under sec 12a and to file form 10b? The registration was obtained on 12th oct 2021!!

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On 03 September 2022 at 14:48 Report
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This discussion clarifies whether an audit is compulsory for trusts registered under Section 12A, particularly concerning the filing of Form 10B. While an audit isn't strictly mandatory for all 12A registered trusts, it is a prerequisite if you intend to claim tax exemptions. The registration date of 12th October 2021 is noted, and the consensus is that Form 10B is the relevant form for claiming such exemptions.

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Chartered Accountant
86505 Points Posted on 03 September 2022
Not mandatory but if you want to claim exemption then you have to apply cor
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On 03 September 2022 at 16:19
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Profession Business
28246 Points Posted on 04 September 2022
FORM 10B
1 Reply
On 04 September 2022 at 22:18

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