When income tax audit required for a trust ??
2 Replies
haridas rao
(73 Points)
Replied 22 November 2021
When income is more than 2.5lakhs then tax audit u/s 44AB through form 10B is required. if the trust is registered under section 12A then compulsory audit is required without considering the above limit.
Rahul garg
(ca final student)
(89 Points)
Replied 22 November 2021
Otherwise no exemptions will be available
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