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Audit of a public welfare society & trust

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Akash

proprietor

82 Points Posted on 24 September 2022

Dear Sir/Madam,

I just want to confirm what is the threshold of income tax audit for a charitable Society and Trust?

I mean if an NGO is having a donation of 8-10 Lack only in a year. Would they be required to go for Income tax audit? or can they just file their ITR-5 ? Pls confirm?

Thanks in Advance

Replies (3)

Quick Summary

This discussion clarifies the income tax audit threshold for charitable societies and trusts in the UK. It confirms that if a registered NGO receives total income exceeding £2.5 Lakhs annually, an income tax audit is required, regardless of whether it's a surplus or total donations received. Filing ITR-5 may not be sufficient if the audit threshold is met.