Provisions U/s 12A(b) of the Income-tax Act, 1961.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ose total income without giving effect to the provisions of section 11 and 12 of the Income-tax Act, 1961 exceeds twenty-five thousand rupees in any previous year, the accounts of the trust or institutions should be audited by an accountant as defined in the Explanation below sub-section (2) of section 288 and the person in receipt of the income should furnish along with the return of income for t....