Can Anybody tell me the limit for the applicability of Audit Report uder Form No.10B in the case of a trust.. What is Maximum amount not chargeable to Tax...? Is it Rs.1,60,000.00...? Earlier it was Rs.50,000.00...
Can Anybody tell me the limit for the applicability of Audit Report uder Form No.10B in the case of a trust.. What is Maximum amount not chargeable to Tax...? Is it Rs.1,60,000.00...? Earlier it was Rs.50,000.00...
In case of trust, If trust wants to claim exemption u/s 11 & 12, Audit is compulsory.
i agree..
CAclubindia
