Trust - Form 10B or Form 10BB

This query is : Resolved

SUNNY SK (Querist)
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28 September 2023 In case the trust (medical institution) has been registered under sec.10(23C)(via) having total income exceeding Rs.5 crores, then which form applicable whether Form 10B or Form 10BB ?
And please clarify the total income without giving effect to sec.10(23C)(iv)(v)(via) means, how to calculate the total income for the purpose of selection of respective Forms.

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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16 January 2024 If the total income of the trust or institution exceeds Rs. 5 crore during the previous fiscal year. In case a trust or institution receives any amount of foreign contribution. Even if the institution is not registered under section 12A or approved under section 10(23C), they must file form 10B.

https://cleartax.in/s/form-10b-of-income-tax-act