{"id":24140,"date":"2023-02-25T23:12:58","date_gmt":"2023-02-25T17:42:58","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=24140"},"modified":"2023-02-26T00:23:25","modified_gmt":"2023-02-25T18:53:25","slug":"income-tax-forms-10bb-10b-issued-for-ngos-audit","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/income-tax-forms-10bb-10b-issued-for-ngos-audit\/","title":{"rendered":"Income tax Forms 10BB &#038; 10B issued for NGO&#8217;s Audit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e172c668cb1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e172c668cb1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/income-tax-forms-10bb-10b-issued-for-ngos-audit\/#Income_tax_Forms_10BB_10B_issued_for_NGOs_Audit\" title=\"Income tax Forms 10BB &amp; 10B issued for NGO&#8217;s Audit\">Income tax Forms 10BB &amp; 10B issued for NGO&#8217;s Audit<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/income-tax-forms-10bb-10b-issued-for-ngos-audit\/#New_Income_Tax_Form_for_NGO\" title=\"New Income Tax Form for NGO:\">New Income Tax Form for NGO:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24139\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/11\/NGO-New-Income-Tax-Form-for-NGO.jpg\" alt=\"NGO New Income Tax Form for NGO\" width=\"1200\" height=\"630\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/11\/NGO-New-Income-Tax-Form-for-NGO.jpg 1200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/11\/NGO-New-Income-Tax-Form-for-NGO-300x158.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/11\/NGO-New-Income-Tax-Form-for-NGO-1024x538.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/11\/NGO-New-Income-Tax-Form-for-NGO-768x403.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/11\/NGO-New-Income-Tax-Form-for-NGO-800x420.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Income_tax_Forms_10BB_10B_issued_for_NGOs_Audit\"><\/span><span style=\"color: #000080;\"><strong>Income tax Forms 10BB &amp; 10B issued for NGO&#8217;s Audit<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Central Board of Direct Taxes has made available the new Forms 10B and 10BB that charitable or religious trusts, organisations, universities, or other educational institutions must submit in compliance with Sections 10(23C) and 12A of the Income Tax Act.<\/p>\n<p>Central Board of Direct Taxes would have announced the The income tax amendment (3rd Amendment) rules 2023 , which are set to take effect on April 1t, 2023.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"New_Income_Tax_Form_for_NGO\"><\/span><span style=\"color: #000080;\"><strong>New Income Tax Form for NGO:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>New Income tax Forms 10B &amp; Form 10BB for NGO have been issued by the Central Board of Direct Taxes.\u00a0 These form to be submitted by charitable or religious trusts, institutions, universities, or other educational institutions U\/s 10(23C) &amp; 12A<\/li>\n<li>The accounts of the NGO related income tax Audit Report\u00a0would be in\u00a0 income Tax e-filing 10B form, which is required to get submitted U\/s 12A(1)(b)(ii).<\/li>\n<li>Total income of the trust or institution, excluding that which is used to undertake out the provisions of Sections 11 and 12 of the Act, exceeds Rs 5 crore in the preceding year, or the trust or institution has received any foreign contributions in the past year, or the trust or institution has used any portion of its income outside of India in the preceding year.<\/li>\n<li>New Income tax Form 10BB specified for the Income tax audit report for the case of the NGO trust\/institution\/any university\/other educational institution\/any hospital\/ other medical institution that is Required to get submitted Under Section 10(23C(b) &amp; trust or institution which is needed to get filed section 12A(1)(b)(ii) of the\u00a0Income-tax Act, 1961.<\/li>\n<\/ul>\n<p>As a result, Under sections 10(23C) &amp; Section 12A of the Income Tax Act, 1961 compel by NGO like charitable or religious trusts, institutions, universities, and other educational institutions to file the Income tax audit report using the modified Forms 10B &amp; 10BB.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income tax Forms 10BB &amp; 10B issued for NGO&#8217;s Audit The Central Board of Direct Taxes has made available the new Forms 10B and 10BB that charitable or religious trusts, organisations, universities, or other educational institutions must submit in compliance with Sections 10(23C) and 12A of the Income Tax Act. Central Board of Direct Taxes &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/24140"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=24140"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/24140\/revisions"}],"predecessor-version":[{"id":24145,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/24140\/revisions\/24145"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=24140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=24140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=24140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}