Understand trust compliance in India, including annual filing, audit applicability, ITR-7, 12A and 80G records, due dates and common mistakes.
₹19999 / Fixed
A: Typically 3–7 working days depending on government processing time.
A: Government fee varies by state and business type. Our team will inform you before proceeding.
A: Yes, the entire process is done online. No physical visits are required.
A: A trust audit is an independent audit of accounts conducted by a qualified Chartered Accountant. It is mandatory under Section 12A/12AB of the Income Tax Act if the trust seeks tax exemptions or if its total income exceeds the basic exemption limit in any financial year.
A: The core trust compliance checklist includes: (1) maintaining proper double-entry books of accounts, (2) obtaining a trust audit report in Form 10B/10BB, (3) filing the annual ITR-7 return, (4) renewing Section 80G tax benefits, and (5) submitting foreign contribution returns (FCRA) if applicable.
A: Trusts must ensure that: funds are invested in specified securities under Section 11(5), commercial activities are purely incidental to charitable objects, proper registers are kept, and statutory trust audits are completed before the income tax filing deadline.