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

.... 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 the relevant assessment year the report in Form 10B duly ....