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...
3 Replies
CA Vinay Gandhi
(CA)
(858 Points)
Replied 18 September 2010
In case of trust, If trust wants to claim exemption u/s 11 & 12, Audit is compulsory.
Ramees
(CA Final Student)
(87 Points)
Replied 18 September 2010
Thank You for Your Valueable Reply Sir....
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