Sec 12a & form 10b

12A registration has to be dne within 1 year of trust registration.So there can be no mandatory requirement of 3 years audited balance sheet. If you are filing late then if the gross income exceeds minimum amount exempt from tax - be careful. The Department can ask you to file returns and proceed to assess as if it is an AOP whose shares are not determinate. If gross income is below minimum exempt, you can furnish Audited balance sheet. Return need not be filed. Question of Form 10B does not arise as it is to be furnished for trust/assn already enjoying  12A registration.

Thanks for the reply Mr Rajgopalkrishnan,yes you are correct but if still the CIT needs an audited Bls of three years where it does not have reciepts over BEL in any of the years,should a signed Bls is enough for the cause?

Regards,