Audit report to be filed if the receipt of the trust exceeds Rs.2,50,000( this 2,50,000 includes corpus fund or not )
Eg: Receipt of the trust is Rs.2,39,500 and corpus fund is Rs.4,00,000 in this situation what amount should be shown as Receipt?
(Audit report compulsory or not??)
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Audit report for Trust
Replies (2)
Quick Summary
Please be more specific.
Elaborate.
Elaborate.
Audit is compulsory and when in itr it ask for receipt it's meant whole receipt except the sechdule where you have to segregated and show the receipt in itr
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