Does my charitable trust need an audit?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerA charitable trust registered under Section 12AB must get its accounts audited if its total income before exemption exceeds the basic exemption limit, and file the audit report in Form 10B (or 10BB) with its return. Without it, the exemption can be denied.

When audit is needed

If income before claiming exemption exceeds the basic exemption limit, the trust must be audited.

Form 10B / 10BB

The right form depends on the trust’s size and receipts; filing the wrong one or filing late can cost the exemption. Confirm which form applies.

Audit

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This answer is general information for businesses, not professional advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.