Audit under sec. 12a

Efiling 333 views 1 replies

Hello Friend's,

A Trust is registered under section 80G and 12AA.

It's Gross donation received during the year is only Rs. 25,000/- and no corpus and unapplied donation .

So. is it still required to get it's account audited under section 12A and required to fill Form 10B with ITR7 ?

Replies (1)
If total income before exemption exceeds the maximum amount not chargeable to tax ie 250000 then accounts have to be audited for getting exemption u/s 11 and 12


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