Revision of Form 10 B

Dear all,

 

Whether revision of Form 10 B with in time limit as  prescribed under Income Tax Act will affect the eligibility of trust in enjoying exemption benefits under Section 11 & 12

Replies (1)

Yes, you can revise Form 10B on the income tax portal. Revising the form to correct errors does not inherently jeopardize your exemption under Sections 11 and 12; in fact, it is the recommended course of action to ensure your report is accurate, thereby protecting your claim for exemption by aligning your audit report with your ITR-7.

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