Audit requirement for charitable trusts: audit by a Chartered Accountant when total income exceeds the non taxable threshold. Books of accounts must be audited where the trust's total income before exemption under Sections 11 and 12 exceeds the maximum amount not chargeable to ... Summary
Audit requirement for charitable trusts: audit by a Chartered Accountant when total income exceeds the non taxable threshold.
Books of accounts must be audited where the trust's total income before exemption under Sections 11 and 12 exceeds the maximum amount not chargeable to tax; the accounts for that year should be audited by a Chartered Accountant.
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