AUDIT OF EDUCATION SOCIETY

One of my new client is running education society (duly registered under the
society act) with gross total receipt of more than Rs. 40 lacs for the f.y.
2009-10. It has not applied to income tax department for any type of exemption
yet. what will be the format of audit report i.e. form 3CB & 3CD under Tax Audit
or form no. 10BB or in any other format.


What will be the position if its total receipt exceeds Rs. 100 lacs for the F.Y.
2009-10.

Thanks

CA.Mkhandelwal