IS AUDIT COMPULSORY FOR THE NGO, WHAT IS THE LIMIT, CONSEQUENCE IF AUDIT NOT DONE? WHAT IS THE SLAB RATE FOR NGO?
1 Replies
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 01 August 2016
Audit of NGO is subject to applicable act (formation of NGO according to Act)
Generally NGO is not engaged in business so tax audit is not applicable
Recent Topics
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
Related Threads
CAclubindia
