banner_ad

Charitable trust

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 December 2011 A client of mine is a trust having PAN and registered with the registrar of Trusts but not under sec.11 of Income Tax.
I understand that the trust is not entitled to claim any exemption u/s 11 & 12...Right?
What would be the Audit Provisions for the trust? section 44AB or 12A(b)?
Profile Image

CA. Krishna K Neeraj

Profile Image

CA. Krishna K Neeraj (Expert)
29 December 2011 Where the trust is having business income and not intending to claim any exemption U/s 11 & 12, audit u/s 44AB should be applicable.

Provisions u/s 12A(b) is applicable only if the trust is having intention to claim exemption U/s 11 & 12.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details