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Tax audit of charitable trusts


Sathya Sankeerth K N (Chartered Accountant)     03 December 2012

Sathya Sankeerth K N
Chartered Accountant 
 14 likes  429 points

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If a Charitable Trust is having gross receipts above Rs. 60 Lakhs for the AY 2012-13 and Tax Audit is conducted for the same, whether an Auditor has to issue Form 3CA or Form 3CB

Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     03 December 2012

Giridhar S Karandikar
Team Lead 
 720 likes  7006 points

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Tax audit report is reuried to be submitted in Form 10B & not 3CA or 3CB

Ramakrishna Kamat

Ramakrishna Kamat (CA)     03 December 2012

Ramakrishna Kamat
CA 
 9 likes  76 points

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If the gross receipts are from business, the trust need to get the accounts audited u/s 44AB. Rule 6G of Income Tax rules provides as under:-

6G. (1) The report of audit of the accounts of a person required to be furnished under section 44AB shall,—

(a)  in the case of a person who carries on business or profession and who is required by or under any other law to get his accounts audited, be in Form No. 3CA;

(b)  in the case of a person who carries on business or profession, but not being a person referred to in clause (a), be in Form No. 3CB.

If the trust is not required to get the accounts audited under any law (this could be state specific) then the audit report should be in Form 3CB.


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