dear friends when audit of trust is required and under which section? thanks in advance
vijay singla (learner) (340 Points)
09 May 2010dear friends when audit of trust is required and under which section? thanks in advance
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 09 May 2010
If before giving exemption, total income of trust exceeds maximum limit not chargeable to tax, trust has to get audit report.
CAclubindia
