audit of trust

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learner
340 Points Joined February 2010

dear friends when audit of trust is required and under which section? thanks in advance

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On 09 May 2010 at 12:55 Report
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FCA
1402 Points Joined March 2009

If before giving exemption, total income of trust exceeds maximum limit not chargeable to tax, trust has to get audit report.

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On 09 May 2010 at 13:28
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Dear sir,

 

The Books of Accounts of the trust must be audited if income of the trust, including corpus donation exceeds Rs. 1,60,000/- (before claiming exemption u/s.11)

 

 

Regards

 

K.Ilayaraja

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On 09 May 2010 at 16:57

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