Taxation of trust registered under section 12a

anand dilip bagade (PROPRIETOR) (96 Points)

28 March 2019  

A Educational Trust is registered under section 12A and is having gross receipts of 3 crores and profit of Rs.74 lakhs. Whether it will be liable for Tax Audit and whether income of 74 lakhs would be taxable.

Kindly Advise.