When is Audit of Charitable trust is compulsory??
A Charitable trust is having inocme of Rs. 65,000 and has not received or paid any donation for the year.
and if the audit is not compulsory then can it makes its accounts audited voulantry by a practicing Chartered Accountant??
Please suggest me.
Dear Pratik,
In Your Case, Audit is Not Applicabe.
Since Income from Contribution if exceed 200000/- Then only Audit is required.
Next Your Query is:- Yes, Voluntery You Can Get Your Accounts Audited, Even your Income Not Exceed Basic Exemption Limit.
CAclubindia
