NGO Form10BB/10B to be Submit by Charitable Trust/Institution Now Changes

Form10BB/10B to be Submit by Charitable Trust/Institution Now Changes

Form10BB/10B to be Submit by Charitable Trust/Institution Now Changes

Form10BB/10B to be Submit by Charitable Trust/Institution Now Changes

The Central Board of Direct Taxes has notified the Income-tax (3rd Amendment) Rules, 2023, to amend  IT Rules 16CC/17B & Forms 10B/10BB amended which shall be effective as of 01/04/2023, vide Income Tax Notification 7/2023 Amended in 2023,

So there is Amendment in Income-tax (3rd Amendment) Rules, 2023, Rule 17B & Rules 16CC in relation to Charitable and Religious trusts and Institutions Audit report formats which is registered U/s 10(23C), this is increase scope of details that is needed to be reported By NGO in Form 10B & Form 10BB.

As a result, sections 10(23C) and 12A of the Income Tax Act, 1961 require charitable or religious trusts, institutions, universities, and other educational institutions to submit the audit report using the revised Forms 10B and 10BB.

Income tax Form 10B is a report of the audit of the accounts of a NGO i.e fund or any university institution or trust or any hospital or  other educational institution or other medical institution which is needed to be Filed of 10th proviso U/s 10(23C) (b)

Income tax Form 10BB is a report of the audit of the accounts of a NGO i.e institution or trust which is needed to be filed under section 12A(1)(b)(ii)

To view and download the CBDT Income Tax Notification, click here Notification 7/2023 dt. 21/02/2023:

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480

Share This Post

Related Articles

Related Videos


NGO Compliance: NGO ?? | How to register NGO | NGO Registration Process

NGO Compliance: NGO ? | How to register NGO | NGO Registration Process

Published On: Dec 10, 2021 | By: RJA

Need help?

Request a call
from a RJA
Business Advisor.

LET'S TALK

Private Limited Company

Popular Categories

Browse Blogs

Recent Posts

Understanding the Differences between Old vs. New Tax Regime

Understanding the Differences between Old vs. New Tax Regime

Documentation for Peer Review- Audit work For CA in Practices.

Documentation for Peer Review- Audit work For CA in Practices.

Key Updates and Recommendations from the 53rd GST Council Meeting

Key Updates and Recommendations from the 53rd GST Council Meeting

 Futures and Options transactions may attract higher tax rate

Futures and Options transactions may attract higher tax rate

All about the Social Stock Exchange (SSE):

All about the Social Stock Exchange (SSE):

Connect with a RJA Advisor

Fields marked with an * are required

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Money Back Guarantee

Not happy with the service? You can request a refund at anytime within 30 days!

24/7 Support

Get support through phone, email, mobile app or live chat - 24/7, 365 days.

EMI Payment

Easily pay online with EMI payments, credit or debit card, net banking, PayPal and more.

Get In Touch--

Rajput Jain & Associates

Add: P-60, Connaught Circus, Connaught Place, New Delhi-110001

Email: singh@carajput.com

Phone: 9555555480

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates. All Rights Reserved | Sitemap

Call Email