Audit report filing in Form 10B required when trusts exceed income threshold, receive foreign contributions, or apply income abroad. Trusts and institutions registered under Section 12AB or approved under Section 10(23C) must file an audit report in Form 10B if any one of the following applied in the previous year: total income (before exemptions) exceeded the statutory threshold, the entity received foreign contributions, or any part of its income was applied outside India.
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Provisions expressly mentioned in the judgment/order text.
Audit report filing in Form 10B required when trusts exceed income threshold, receive foreign contributions, or apply income abroad.
Trusts and institutions registered under Section 12AB or approved under Section 10(23C) must file an audit report in Form 10B if any one of the following applied in the previous year: total income (before exemptions) exceeded the statutory threshold, the entity received foreign contributions, or any part of its income was applied outside India.
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