Form 10b applicability if no 12aa registration for a trust
This query is : Resolved
25 June 2019
Dear Experts,
If a trust is not registered under Sec 12AA and pays income tax on all its income, is it mandatory for it to get an audit report in Form 10B?
Is there any relevant Case law under the same?
If a trust is not registered under Sec 12AA and pays income tax on all its income, is it mandatory for it to get an audit report in Form 10B?
Is there any relevant Case law under the same?
25 June 2019
If the trust is not registered u/s 12 AA then the trust can not claim the exemptions as given in sec 11 and 13. Audit report in Form 10B is also not required.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
