Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Audit report forms for exemption entities depend on income threshold, foreign contribution, and overseas application of income. Audit reports required for exemption under the tenth proviso to section 10(23C) must be furnished in Form No. 10B where the total income exceeds five crores, foreign contribution is received, or income is applied outside India during the previous year. In other cases, the report is to be furnished in Form No. 10BB. 'Foreign contribution' has the meaning assigned under the Foreign Contribution (Regulation) Act, 2010.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit report forms for exemption entities depend on income threshold, foreign contribution, and overseas application of income.
Audit reports required for exemption under the tenth proviso to section 10(23C) must be furnished in Form No. 10B where the total income exceeds five crores, foreign contribution is received, or income is applied outside India during the previous year. In other cases, the report is to be furnished in Form No. 10BB. "Foreign contribution" has the meaning assigned under the Foreign Contribution (Regulation) Act, 2010.
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