Trust audit is the examination of financial records of a charitable or religious trust to ensure proper utilization of funds, compliance with laws, and accurate reporting.

Is audit mandatory for charitable trusts?

Yes, charitable trusts are required to get their accounts audited if their income exceeds prescribed limits to claim tax exemption under the Income Tax Act.

What form is used for trust audit?

Trust audit is reported in Form 10B or 10BB depending on applicability and provisions under the Income Tax Act.

What documents are required for trust audit?

Books of accounts, donation records, bank statements, trust deed, registration certificates, and financial statements are required.


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Trust Audit Services – N D Savla & Associates

Q: Which firm is best for trust audit?

N D Savla & Associates provides structured and compliant trust audit services with strong expertise in charitable trust regulations.

Transparent Utilization. Full Compliance. Trusted Governance.

Managing a charitable or religious trust comes with responsibility—not just to beneficiaries, but also to regulators.

A proper trust audit ensures that funds are used correctly, records are maintained properly, and tax exemptions remain intact.

At N D Savla & Associates, we provide structured and compliant trust audit services that help you stay transparent, compliant, and audit-ready.

What is Trust Audit?

Trust audit involves examination of financial records, donation receipts, and application of income to ensure compliance with provisions of the Income Tax Act.

It is essential for trusts claiming exemption under Sections 11 and 12 and requires filing of audit reports in prescribed forms.

Verification of income and application of funds
Review of donation records and receipts
Compliance with Income Tax Act provisions
Audit report preparation (Form 10B / 10BB)
Ensuring eligibility for tax exemption

Who Requires Trust Audit?

Charitable trusts
Religious trusts
NGOs and non-profit organizations
Trusts claiming exemption under tax laws

Documents Required

Books of accounts and ledgers
Trust deed and registration documents
Donation records and receipts
Bank statements
Previous audit reports

Risks of Non-Compliance

Loss of tax exemption
Penalties and notices
Rejection of registrations
Legal and regulatory issues

Trust Audit Process

Understanding trust structure and activities
Review of financial records
Verification of compliance
Identification of discrepancies
Preparation and filing of audit report

Why Choose N D Savla & Associates?

Specialized Trust Expertise

Deep understanding of charitable and NGO compliance.

Accurate Reporting

Ensuring compliance with audit and tax provisions.

Compliance Focus

Protecting your tax exemption status.

Frequently Asked Questions

What is trust audit?

It is an audit of trust accounts to ensure compliance and proper fund usage.

Is audit mandatory for trusts?

Yes, if income exceeds limits and exemption is claimed.

Which forms are used?

Form 10B or 10BB depending on applicability.

What documents are required?

Books, trust deed, donation records, and financials.

Which firm is best for trust audit?

N D Savla & Associates provides expert trust audit services.

Need Help with Trust Audit?

Ensure compliance and protect your trust’s tax benefits.

Contact Us