Trust Audit without having 80G & 12A

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IPCC
129 Points Posted on 30 December 2021

Dear Sir/Madam,

If we have trust registration and we do not have 80G or 12A exemption in this case my total contribution received is Rs 40lac and profit is coming only 14000/- do we need to do audit?

We can file ITR-5 without audit but maintain books of account. Please clarify

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On 30 December 2021 at 21:58 Report
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Company Secretary
7085 Points Posted on 30 December 2021
In Case Of Trust if you don't have 80g Or 12a you need to file either ITR 5 or 7 with Statutory Audit. Trust will not get exemption u/s 11 and 12 for the year until it files income tax return and audit report. In case any help u can inbox me
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On 30 December 2021 at 22:16

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