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TRUST AUDIT UNDER IT ACT

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(Querist)
13 October 2010 CAN TAX AUDIT UNDER IT ACT MANDATORY TO TRUST IF TURNOVER CROSSED ABOVE THE GIVEN LIMIT
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CA Vinay Gandhi

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CA Vinay Gandhi (Expert)
14 October 2010 Hi Tushar,
Trust, in order to avail the tax exemption under sec.12 of IT act, Audit is compulsory eventhough it doesn't exceed Rs.40 lakhs.

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