TRUST AUDIT UNDER IT ACT
This query is : Resolved
13 October 2010
CAN TAX AUDIT UNDER IT ACT MANDATORY TO TRUST IF TURNOVER CROSSED ABOVE THE GIVEN LIMIT
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.
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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