A public charitable trust running an educational institution with annual receipt of 65lakhs and total income of 320000. Is the trust liable for audit under section 44B? pls answer as per finance act 2022.
secondly for institutions reg under section 10(23C) what is the criteria for audit as per finance act 2022.
Rule 16CC Specify the limit and Tax audit , and FORM to be filled by the trust registered under section 10(23C).
As you have mentioned that gross income is less than 5Cr, Tax audit need to be done and FORM 10BB need to be filled.
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