Rule 17B - Audit report in the case of charitable or religious trusts, etc. - Income-tax Rules, 1962

1 [ 17B.Audit report in the case of charitable or religious trusts, etc .- The report of audit of the accounts of a trust or institution which is required to be furnished under sub-clause (ii) of clause (b) of sub-section (1) of section 12A, shall be in- (a) Form No. 10B where- (I) the total income of such trust or institution, without giving effect to the provisions of sections 11 and 12 of the Act, exceeds rupees five crores during the previous year; or (II) such trust or institution has received any foreign contribution during the previous year; or (III) such trust or institution has applied any part of its income outside India during the previous year; (b) Form No. 10BB in other cases. Explanation .- For the purposes of sub-clause (II) of clause (a), the expression foreign contribution shall have the same meaning assigned to it in clause (h) of sub-section (1) of section 2 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010). ] ************* NOTES:- 1. Substituted vide NOTIFICATION NO. 07/2023 dated 21-02-2023 w.e.f. 01-04-2023 before it was read as, Audit report in the case of charitable or religious trusts, etc. 17B . The report of audit of the accounts of a trust or institution which is required to be furnished under clause (b) of section 12A, shall be in Form No. 10B.