REGARDING TRUST AUDIT

272 views
User Avatar

proprietor
1204 Points Posted on 22 November 2021

When income tax audit required for a trust ??

0 Reply Share Follow
On 22 November 2021 at 13:05 Report
Replies (2)
Quick Summary
This discussion clarifies the conditions under which a trust requires an income tax audit. An audit under Section 44AB is compulsory if a trust's income exceeds £2.5 lakhs. Furthermore, if a trust is registered under Section 12A, an audit is always required, regardless of income level, to maintain tax exemptions.

User Avatar

73 Points Posted on 22 November 2021
When income is more than 2.5lakhs then tax audit u/s 44AB through form 10B is required. if the trust is registered under section 12A then compulsory audit is required without considering the above limit.
Reply
On 22 November 2021 at 14:03
User Avatar

ca final student
89 Points Posted on 22 November 2021

Otherwise no exemptions will be available

Reply
On 22 November 2021 at 14:04

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading