https://www.taxtmi.com/forum/issue?id=114558 Tax audit under section 44AB applies based on whether the trust carries on a business; a non business educational trust is generally outside the tax audit requirement despite large receipts or lack of registration. Trustee contributions count as corpus only if specifically designated as such, and designated corpus funds are not taxable; appropriate accumulation filings and prescribed audit reports are required to regularise compliance. en-us Wed, 30 Jan 2019 10:53:35 +0530 Thu, 23 Jan 2025 15:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114558 Tax audit under section 44AB applies based on whether the trust carries on a business; a non business educational trust is generally outside the tax audit requirement despite large receipts or lack of registration. Trustee contributions count as corpus only if specifically designated as such, and designated corpus funds are not taxable; appropriate accumulation filings and prescribed audit reports are required to regularise compliance. Discussion-Forum Income Tax Wed, 30 Jan 2019 10:53:35 +0530 https://www.taxtmi.com/forum/issue?id=114558