Audit of trust registered u/s 12a & 80G
CA Darshan Soni (D.P.BARBHAYA & ASSOCIATES) (150 Points)
30 September 2019CA Darshan Soni (D.P.BARBHAYA & ASSOCIATES) (150 Points)
30 September 2019
A B Kundu
(Professional)
(1422 Points)
Replied 30 September 2019
Audit is to be made for Charitable Trust registered U/s12AA for which Form 10B needs to be filed.
Kapadia Pravin
(17259 Points)
Replied 30 September 2019
sabyasachi mukherjee
(27425 Points)
Replied 30 September 2019
Kapadia Pravin
(17259 Points)
Replied 01 October 2019
sabyasachi mukherjee
(27425 Points)
Replied 01 October 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 01 October 2019
1. If the trust is covered u/s 11 and sec 12 then without giving effect to the above two-section if the total income of the trust exceeds the maximum amount which is not chargeable to tax then audit may be carried out by a Chartered Accountant.
2. The report of the above audit shall be submitted in Form 10B.
Please correct me if the above solution has an alternative view.
R S BALAJI
(ADVOCATE)
(49 Points)
Replied 14 November 2019
R S BALAJI
(ADVOCATE)
(49 Points)
Replied 14 November 2019
Total income u/s.11 or 12 means gross receipts of the trust or excess of income over expenditure ?
Kapadia Pravin
(17259 Points)
Replied 14 November 2019
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)