for audit of trust surplus amount is considered ie Income -expenditure or the income shown in credit side of income and expenditure account. Further according to provision total income exceeds witout giving effect of section 11 and 12 exceed taxable limit then audit is required.So my question is whether total income will be surplus part or the income credited in income and expenditure account.Kindly reply.
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Charitable trust
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Total Income here is Gross Receipts of Trust..
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