Maintenance of accounts requires prescribed books, separate records for incidental business, and an accountant's audit before filing. Clause 99 requires non-profit organisations to keep and maintain books of account in the prescribed manner, maintain separate books for business ... Summary
Maintenance of accounts requires prescribed books, separate records for incidental business, and an accountant's audit before filing.
Clause 99 requires non-profit organisations to keep and maintain books of account in the prescribed manner, maintain separate books for business incidental to charitable activity, and obtain an audit report in the prescribed form from an accountant before the due date for filing the return of tax bases when gross receipts exceed the statutory threshold.
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