https://www.taxtmi.com/notifications?id=139792 The rules, effective 1 April 2023, substitute rules 16CC and 17B and replace Forms 10B and 10BB, prescribing that funds, trusts, institutions and specified educational or medical entities must furnish audit reports in Form 10B where total income (before certain exclusions) exceeds rupees five crores, or where foreign contribution was received, or where income was applied outside India, and in Form 10BB otherwise; the Forms require standard audit attestations by a chartered accountant and comprehensive annexures covering identification, registration, receipts (including corpus and foreign contribution), applications of income, TDS/TCS, specified-person transactions, violations and related schedules. en-us Tue, 21 Feb 2023 00:00:00 +0530 Wed, 06 Dec 2023 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139792 The rules, effective 1 April 2023, substitute rules 16CC and 17B and replace Forms 10B and 10BB, prescribing that funds, trusts, institutions and specified educational or medical entities must furnish audit reports in Form 10B where total income (before certain exclusions) exceeds rupees five crores, or where foreign contribution was received, or where income was applied outside India, and in Form 10BB otherwise; the Forms require standard audit attestations by a chartered accountant and comprehensive annexures covering identification, registration, receipts (including corpus and foreign contribution), applications of income, TDS/TCS, specified-person transactions, violations and related schedules. Notifications Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139792