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  • It 10b

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Page No. 1 IT-10B Statement of assets and liabilities (as on -----------------------) Name of the Assessee: ..................................................... TIN - - 1. Business Capital (Closing.

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Further, the existing Form 10B can continue to apply to smaller public charitable trusts having gross income below Rs. 2 crores. 2. Given the fact that the audit of quite a few trusts for financial year 2018-19 has already been completed, the amended Form 10B should be made applicable from AY 2020-21 onwards.

Form 10B Vs Form 10BB of the Income Tax Act Similarly, while the former helps with auditing and regulating charitable and religious trusts, Form 10BB helps regulate educational institutions.

Even though the income of a Trust may be exempt, if the turnover of Trust in business exceeds Rs 1 crore, Trust is required to get its accounts audited under section 44AB.

Form 10A for trusts, NPOs, NGOs and other section 8 companies can be used to apply for provisional registration or permanent registration under Section 12A of the Income Tax Act of 1961. All trusts and charitable/religious organisations can claim full tax exemptions under this section.

What is Form 10B? Form 10B enables a taxpayer to file an audit report if the taxpayer has applied for or is already registered as charitable or religious trust / institution by filing Form 10A. Form 10B is accessed by the CA added by the taxpayer under the My CA service and is assigned the relevant form.

Form 10B Vs Form 10BB of the Income Tax Act Similarly, while the former helps with auditing and regulating charitable and religious trusts, Form 10BB helps regulate educational institutions.

10B for a period beyond 365 days but up to 3 years. Any delay beyond 3 years will be condoned by the CBDT only. Further, in order to obtain the condonation, the applicant must prove that there exists reasonable cause which prevented them from filing of such forms within the stipulated time.

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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