Accurate Filing. Full Compliance. Protect Your Tax Exemption.
Filing Form 10B is a critical compliance requirement for charitable and religious trusts claiming tax exemption.
A small error or delay can lead to denial of exemption and unnecessary tax exposure.
At N D Savla & Associates, we ensure accurate audit, proper reporting, and timely filing—so your trust remains compliant and protected.
What is Form 10B?
Form 10B is the audit report required under the Income Tax Act for trusts and institutions claiming exemption under Sections 11 and 12.
It includes detailed disclosures regarding income, application of funds, compliance, and related party transactions.
- Audit of trust accounts and financial statements
- Verification of application of income
- Compliance with tax provisions
- Disclosure of specified transactions
- Filing audit report online
Who Needs to File Form 10B?
- Charitable and religious trusts
- NGOs registered under tax laws
- Trusts claiming exemption under Sections 11 & 12
- Entities exceeding prescribed income limits
Documents Required
- Books of accounts and ledgers
- Trust deed and registration certificates
- Donation records
- Bank statements
- Financial statements
Risks of Non-Compliance
- Loss of tax exemption
- Tax liability on entire income
- Penalties and notices
- Regulatory scrutiny
Form 10B Filing Process
- Review of financial records
- Audit and compliance verification
- Preparation of audit report
- Filing Form 10B online
- Coordination with trust management
Why Choose N D Savla & Associates?
Accurate Filing
Ensuring error-free audit reports and compliance.
Compliance Focus
Protecting your exemption status.
Expert Team
Specialized experience in trust audits.
Frequently Asked Questions
What is Form 10B?
It is an audit report required for trusts to claim tax exemption.
Who needs to file Form 10B?
Charitable trusts and NGOs under specified conditions.
What is the due date?
Generally before the income tax return filing due date.
What documents are required?
Books, trust deed, donation records, and financial statements.
Which firm is best for Form 10B?
N D Savla & Associates provides reliable Form 10B audit and filing services.