LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Audit of Cheritable institution and 12A & 80G registration

Aditya Mishra (Student) (75 Points)

20 September 2019

Is the audit of Cheritable Society by CA required irrespective of turnover? Can we apply for 12A & 80G registration with last 3 years compiled financials statement?

Reply
Follow
Share

3 Replies

sabyasachi mukherjee (26057 Points)
Replied 20 September 2019

Yes audit of charitable trust are subject to audit u/sec 11 if more than 85% of the receipts are utilized for the objects then the balance is not taxable.
the charitable trust must obtain exemption certificate as per notified donations mentioned in Sec 80G .
obviously it must obtain registRation u/sec 12A.
THE BASIC THRESHOLD LIMIT OF RS.250000 is applicable.

Aditya Mishra (Student) (75 Points)
Replied 20 September 2019

I am asking about audit requirement for Non 80G &12A registered organisation

thoptv me (4 Points)
Replied 21 September 2019

As we are advancing as the years progressed, our mechanical ThopTVhttps://thoptv.me/ headways are moving at Godspeed. Prior, TV was only one of those excitement boxes which included for the most part sitting back.