09 October 2023
CONDITIONS FOR FILING 10B AND 10BB AUDIT REPORT FOR TRUST,(Whether object of the trust is to be considered or not eg ,whether having educational purpose etc.)
10 October 2023
To determine which form, Form 10B or Form 10BB, is applicable to an organization, it is essential to carefully review institution’s activities and objectives. If an organization is primarily engaged in charitable activities aimed at social welfare, education, healthcare, or poverty alleviation, then Form 10B is likely the appropriate choice. Conversely, if your institution is involved in religious, cultural, or other non-charitable pursuits eligible for tax benefits, then Form 10BB should be used.
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