MS Tekkur (1 Points)
22 March 2025Is it mandatory to Uplaod Audit Report in form 10B along with the return of income.
In one of our case the ITR has been uploaded without filing form 10B and the form 10B has been uploaded within due date i.e 30th September.
AO has denied the exemption on the basis of late submission of Form 10B.
And mentioned the rule 12(2) that Form 10B should be e filed along with the return of income.
Please need inputs for filing an apeal.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6934 Points)
Replied 22 March 2025
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184098 Points)
Replied 23 March 2025
The audit report must be submitted online and is due one month before the filing of the income tax return. This means that for trusts and institutions, the audit report in Form 10B must be uploaded prior to or simultaneously with the return of income to avoid penalties or denial of tax exemptions.
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