when(income limit) trust is required to get it's books of account get audited as per I.T.act and as per bombay public trust act?
trust is not registered u/s 12a...but only registered under bombay publis trust act
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audit of trust
Replies (3)
Trust is required to be audited if it is registered under section 12A as per Income tax
Or if its turnover exceeds the turnover as per 44AD
Or if it is special mentioned in trust deed then it should get its accounts audited
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Can I open a trust register for buying and selling property instead of co-operative society . Is it necessary to to have a charitable purpose for opening a trust.
Can I open a trust register for buying and selling property instead of co-operative society .
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