sabyasachi mukherjee 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.