in which category of income tax liability, the educational/social welfare society (ngo) comes under and what are the income tax rates. please help me. Is the audit of accounts necessary for these organisations?
1 Replies
CA Sakshi
(CA Practice)
(309 Points)
Replied 18 February 2009
Audits are required but not tax audits. Its a compulsory audit for getting exemptions on voluntary donations recd. 10 B report form. See in Taxmann Book ,your problem will be solved.
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