banner_ad

Audit report format of clubs

Statutory Audit 1526 views 3 replies

I am doing the audit of a rotary club registered as AOP,  having 100 plus members .the club receives membership fees and outside donations for carrying out social works.since this year the club could not do much work due to covid pendemic and has Rs 500000 in hand . will it be taken as the income of the AOP or we can claim exemption on the basis of mutuality concern.

 

Replies (3)
Complaince of SEC 12A OF INCOME TAX ACT .
ROTARY CLUB REGISTRATION COMPLAINCE
the AOP is not registered under sec 12A

could u pls break up 5 lacs is this lying with AOP since py or earned in this year , only then it can be answered

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details