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?
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.
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