TMI BlogAudit report under section 12A(b) of the Income-tax Act, 1961, in the case of charitable or religious trusts or institutionsX X X X Extracts X X X X X X X X Extracts X X X X ..... count or Profit and Loss account for the year ended on that date are in agreement with the books of account maintained by the said fund or trust or institution or university or other educational institution or hospital or other medical institution. * I/We have obtained all the information and explanations to the best of *my/our knowledge and belief which are necessary for the purposes of the audit. In * my/our opinion, proper books of account have been maintained at the registered office of the above named fund or trust or institution or university or other educational institution or hospital or other medical institution at the address mentioned at serial number 14 of the Annexure : In *my/our opinion and to the best of *my/our inf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .f. 01-04-2023 before it was read as, FORM NO. 10B [See Rule 17B] Audit Report under section 12A (b) of the Income-tax Act, 1961 in the case of charitable or religious trusts or institutions *I/We have examined the balance sheet of -------------------------------- [name of the trust or institution] as at ---------------------------------------- and the profit and loss account for the year ended on that date which are in agreement with the books of account maintained by the said trust or institution. *I/We have obtained all the information and explanations which to the best of *my/our knowledge and belief were necessary for the purposes of the audit. In *my/our opinion, proper books of account have been kept by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reasons for the same. ANNEXURE STATEMENT OF PARTICULARS I. Application of income for charitable or religious purposes 1. Amount of income of the previous year applied to charitable or religious purposes in India during that year. --------------------------- 2. Whether the trust/institution* has exercised the option under clause (2) of the Explanation to section 11 (1)? If so, the details of the amount of income deemed to have been applied to charitable or religious purposes in India during the previous year. --------------------------- 3. Amount of income accumulated or set apart*/finally set apart for application to charitable or relig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... invested in any security referred to in section 11(2)(b)(i) or deposited in any account referred to in section 11(2)(b)(ii) or section 11(2) (b) (iii), or --------------------------- c. has not been utilised for purpose for which it was accumulated or set apart during the period for which it was to be accumulated or set apart, or in the year immediately following the expiry thereof? If so, the details thereof --------------------------- II. Application or use of income or property for the benefit of persons referred to in section 13 [3]. 1. Whether any part of the income or property of the *trust/institution was lent, or continues to be lent, in the previous year to any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e consideration received. --------------------------- 7. Whether any income or property of the *trust/institution was diverted during the previous year in favour of any such person? If so, give details thereof together with the amount of income or value of property so diverted. --------------------------- 8. Whether the income or property of the *trust/institution was used or applied during the previous year for the benefit of any such person in any other manner? If so, give details. --------------------------- * Strike out whichever is not applicable III. Investment held at any time during the previous year(s) in concerns in which persons referred to in secti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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