banner_ad

Audit U/S 44AB of NGO

Others 283 views 3 replies
we have a ngo registered under section 12A and 80 G. We have deficit this previous year 2017-2018. Is it require to audit U/S 44 AB for A.Y - 2018 - 19?
Replies (3)
In case of loss, since there is no income, therefore it does not exceed the maximum amount not chargeable to tax and so the second condition mandating tax audit u/s 44AB is not satisfied and therefore the assessee is not required to get the accounts audited u/s 44AB.
Ok..sir...Thanks for your valuable suggestion..

Registration Under Section 12A & 80G is giving you exemption related to Tax.

Audit Report is required in any case.

Generally, If a total transaction is above 2 lakh, then it is mandatory. 

I as NGO Consultant can give you advise, that go to NGO Specialist CA. Not All CA deal NGOs properly.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details