AUDIT REPORT
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
I HAVE AUDITED A TRUST WHOSE GROSS RECEIPTS IS MORE THAN Rs. 70 LACS. SO I HAVE TO GIVE TAX AUDIT REPORT. SHOULD I GIVE 3CA OR 3CB ALONG WITH 3CD? IT IS NOT REGISTERED U/S 12 A. SO IS IT NECESSRY TO GIVE REPORT 10B?
24 February 2011
yes, have to report 10B
24 February 2011
The institution is not registered u/s 12A. Therefore, audit report in Form 10 B is not necessary.
The status of the auditee is AOP, not trust. If the auditee is not doing any business, audit report in form 3CB followed by particulars in form 3CD is also not required.
The status of the auditee is AOP, not trust. If the auditee is not doing any business, audit report in form 3CB followed by particulars in form 3CD is also not required.
24 February 2011
only if the provisions of Sec 12A is applicable then, report in form 10B is required. ( pl refer sec 12A(b) read with Rule 17B )here report is not applicable. Further Form 3 CB & 3CD reqd only if it is gross reciepts from business. Hence the same also not reqd. I fully agree with the view expressed by B C Warrier
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2011
THANKING ALL FOR THE VALUABLE SUGGESTIONS. ACTUALLY THE TRUST IS RUNNING A SCHOOL AND WHOSE GROSS RECEIPTS IS MORE THAN RS 60 LACS. SO IN THIS CASE SHOULD I GIVE TAX AUDIT REPORT IN FORM 3 CB & 3CD.
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