Trust Audit Services
Transparency. Compliance. Credibility.
For trusts, audit is not just a compliance requirement—it’s about trust in the truest sense. Donors, regulators, and stakeholders expect clear, accurate, and transparent financial reporting.
At N D Savla & Associates, we help charitable and private trusts maintain proper books, meet regulatory requirements, and build credibility through structured audit and assurance services.
Whether you’re a small charitable trust or a large NGO, we ensure your financials are clean, compliant, and ready for scrutiny.
When is Audit Required for Trusts?
- Trust registered under Section 12A / 12AB
- Total income exceeds exemption limit (before exemption)
Audit is also essential when:
- Applying or maintaining 80G registration
- Receiving grants or institutional donations
- Filing returns for exemption claims
Our Trust Audit Services
Trust Audit under Income Tax Act
- Verification of income and expenditure
- Application of income as per objectives
- Compliance with Sections 11, 12, 13
- Filing of Form 10B / 10BB
Books of Accounts & Financial Reporting
- Maintenance of books
- Preparation of financial statements
- Proper classification of donations and expenses
Compliance with Trust Laws
- Compliance with applicable regulations
- Documentation and governance advisory
80G & 12A Compliance Support
- Eligibility documentation
- Ongoing compliance support
Donation & Grant Utilisation Audit
- Tracking fund usage
- Ensuring proper utilisation
- Reporting to donors
Audit Readiness & Filing Support
- Pre-audit checklist
- Documentation review
- Timely filing and compliance
Why Trusts Choose Us
Who We Work With
- Charitable Trusts
- Religious Trusts
- Educational Institutions
- NGOs and Non-Profit Organisations
- Private Family Trusts
Our Approach
Objectives and activities.
Transactions and records.
Tax and regulatory alignment.
Accurate reporting and filing.
Continuous compliance and advisory.
F.A.Q.
Yes, audit is mandatory for trusts registered under Section 12A/12AB if their total income exceeds the basic exemption limit before claiming exemptions.
Form 10B and 10BB are audit reports required to be filed by trusts under the Income Tax Act to claim exemption under Sections 11 and 12.
Failure to conduct audit can lead to denial of tax exemption, penalties, and compliance issues with income tax authorities.
If the trust’s income is below the exemption limit and it is not claiming tax benefits, audit may not be mandatory. However, voluntary audit is recommended.
- Books of accounts
- Donation records
- Bank statements
- Bills and vouchers
- Trust deed and registration documents
80G allows donors to claim tax deduction on donations. Proper audit ensures compliance and helps maintain 80G registration.
Depending on the size and complexity, it can take from a few days to a couple of weeks.
