WE HAVE A CLIENT WHICH A CHARITABLE INSTITUTION AND ANNUAL RECIEPTS FROM EDUCATIONAL INSTITUTIONS IS RS 4.46 CRORES . THEY ALSO RUN A CARRY ON A RETAIL MARGIN FREE MEDICAL SHOP WHICH HAS A TOURNOVER OF RS 4.12 CRORES . LAST WE HAVE FILED FORM 10 B . AND HAVE RECIEVED QUERY FROM C P C AND REPLIED THE RESON THAT THE AGGREGRATE TOURNOVER IS ABOUT RS 10 CRORES . NO REPLY ORGER RECIEVED YET . WE ARE CANFUCED ABOUT WHICH FORM TO BE FILED . KINDLY GIVE YOUR VALUABLE OPINION.
It seems like you're dealing with a complex situation, and I'm here to help you navigate it. You've received a query from CPC regarding your Form 10B filing, and you're unsure about which form to use moving forward. Firstly, it's important to note that Form 10B is an audit report that needs to be filed by charitable or religious trusts or institutions ¹. Since you've already filed Form 10B and received a query from CPC, it's likely that you're required to respond to the query and provide additional information or clarification. However, if you're unsure about which form to use, you may want to consider consulting with a tax professional or expert who can guide you through the process and ensure that you're meeting all the necessary requirements. Additionally, you may want to review the Income Tax Department's website or contact their helpline for further guidance on filing requirements and procedures .
Aggarwal Sarawagi and Co
New Delhi
CA
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