It is common for the income tax department to ask for audit report in form 10B from an applicant trust or society who file application before commissioner of Income Tax for registartion trust under section 12AA of the Income Tax Act . The moot point , however , is whether the commissioner can actually ask for the audit report in form 10B even when the registaretion of the trust/institution itself is not done or whether it is mandatory to include the audit report along with the application for registration. In other words if you do not submit the audit report in the prescribed form, can this in itslef become a ground for not granting registration u/s 12AA of the Income Tax Act. In this post, I am going to analyse these issues .
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