AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Order under section 119 of the Income-tax Act, 1961
X X X X Extracts X X X X
X X X X Extracts X X X X
.... reg. Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 (hereinafter referred to as trust or institution under the first regime) of the Income-tax Act, 1961 (hereinafter referred to as the A....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... get its accounts audited and furnish the audit report in the prescribed Form before the specified date. 2.1 A similar condition is in place for trust or institution under the second regime in sub-clause (ii) of clause (b) of sub-section (1) of section 12A of the Act. 3. Rule 16CC and 17B of the Income-tax Rules, 1962 (hereinafter referred to as the Rules) prescribe the form of audit report ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ndment) Rules, 2023, and is therefore, effective for assessment year 2023-24 and sub-sequent assessment years. The due date for furnishing such audit reports for the A.Y. 2023-24 was 31st October, 2023. 5. Prior to the aforesaid amendment of the Rules, the earlier prescribed form for audit report was Form No. 10BB for trust / institution in the first regime and Form No. 10B for trust / institut....