chariatble society

This query is : Resolved

vandana (Querist)
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05 February 2008 the society has not cclaimed any exemption u/s 11 or 12.
Form 10B is only for those who have claimed exemption under the said sections??????
will it sill have to submit the audit report in the said form

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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05 February 2008 Please note that Form 10 B is under Rule 17B of Income tax Rules 1961 relating to section 12A of Income tax Act 1961.

If your case is not covered, then you will have to go by the bylaws of your society and the provisions of statute under which you are registered.

CA. Vineet Grover

CA. Vineet Grover (Expert)
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05 February 2008 Hi Vandana,

For claiming exeption u/s 11 and 12, Form 10B is required.

Other than that, it is not mandatorily required to submit audit report.

Rgds/
Vineet

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