Audit report format of clubs

1534 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

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

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

T R SOOD & CO

New Delhi

CA Inter

View Details