INFORMATION REGARDING TAX AUDIT

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....NFORMATION REGARDING TAX AUDIT<br> Query (Issue) Started By: - DHARAM PAL Dated:- 8-9-2015 Last Reply Date:- 11-9-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>The DTC Employees Superannuation Pensi....

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....on Trust constituted when Delhi Transport Corporation was under administrative control of Central Government of India for the purpose of disbursement of pension to DTC retired employees and fully exem....

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....pted on all income from Income Tax Department under para B of IV schedule U/s 10(25)iii of Income Tax Act, 1961. 2. No Tax audit has been made by any CA Firm as the Trust is fullyexempted and there is....

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.... no taxable income of the Trust. 3. The Audit of Balance Sheet/ Annual Accounts is being audited by CAG(Govt. Audit Party) every year after submission of Income Tax Return i.e. in December and January....

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..... Please advise the Audit is compulsory or not by any CA Firm Reply By MARIAPPAN GOVINDARAJAN: The Reply: Since there is no taxable income of the trust and also exempted from Section 10(25)(iii) of ....

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....the Act, in my view, no tax audit is required.<br> Discussion Forum - Knowledge Sharing ....