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  • Form 10b

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FORM NO. 10B See rule 17B Audit report under section 12A(b) of the Income-tax Act, 1961, in the case of charitable or religious trusts or institutions *I/We have examined the balance sheet of...................................?.

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Rule 17B of the Rules provide that said report of audit of the accounts of a trust or institution shall be in Form No. 10B. The Form No 10B besides providing the Audit Report provides for filing of Statement of particulars as Annexure.

0:27 3:20 Suggested clip How to file Audit Report of Trust Form10B - YouTubeYouTubeStart of suggested clipEnd of suggested clip How to file Audit Report of Trust Form10B - YouTube

10B. [See rule 17B] Audit report under section 12A(b) of the Income-tax Act, 1961, in the case of charitable. or religious trusts or institutions.

1) Section 11 provides exemption for income derived from property held under trust wholly for charitable or religious purposes to the extent such income is applied for charitable or religious purpose in India. However, this exemption shall be subject to certain conditions.

CBDT proposes new audit report Form 10B for charitable trusts & institutions. The proposed new Form 10B appears to have been designed for the tax department to seek more details from charitable trusts or institutions and make the task of auditors as also their clients (charitable institutions) onerous.

0:27 3:20 Suggested clip How to file Audit Report of Trust Form10B - YouTubeYouTubeStart of suggested clipEnd of suggested clip How to file Audit Report of Trust Form10B - YouTube

Trust must add CA after log in into their PAN. CA should upload Form No. 10B online after log in into his PAN and then the Trust should approve it after log in into its PAN with DSC of Managing Trustee.

However, with effect from Assessment year 2013-14, it has become mandatory to upload online audit report in Form 10B. Income Tax Return, there have been litigations where the Assessing Officer has denied the benefit of tax exemptions under section 11 for delayed filing of Audit Report.

Section 10B of the Income tax Act provides for exemption of income in case of hundred per cent export oriented undertakings subject to prescribed conditions.

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Keywords relevant to Form 10b

  • 17b
  • III
  • hereinafter
  • utilised
  • Expiry
  • hereto
  • annexed
  • remuneration
  • ment
  • qualification
  • applicable
  • thereto
  • Strikeout
  • exemption
  • auditor
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232