Non-Profit & Trust Sector
A charitable religious trust managing significant donations needed to satisfy the 85% application rule, file Form 10B/10BB, and maintain 80G compliance — we delivered all three without a single notice.
What the engagement demanded.
A charitable religious trust with significant donations, both monetary and in-kind. Trusts must apply at least 85% of income to objectives within the year — any shortfall requires a Form 9A election (deemed application) or Form 10 (accumulation for future use). Add to that 80G compliance for donor receipts, ongoing 12A registration maintenance, and reporting under Form 10B or 10BB depending on income thresholds.
How we executed the engagement.
Income Application Analysis
Detailed analysis confirming whether the 85% application rule was met for the year.
Form 9A / Form 10
Election for deemed/accumulated application where actual application fell short, with proper resolution and documentation.
Trust Audit
Form 10B (where income exceeds prescribed threshold) or 10BB filed with full schedule disclosures.
Donation Register Audit
80G receipts verified, donor register reconciled, FCRA compliance reviewed where applicable.
ITR-7 Filing
Return for charitable institutions with all schedules completed accurately.
The capabilities we brought to bear.
Trust Compliance Framework
12A registration maintenance, 80G reauthorization, and FCRA compliance awareness.
Income Application Optimization
85% application rule, Form 9A and Form 10 strategy for accumulation.
Donation Management
Donor receipt issuance protocols, register maintenance, in-kind donation accounting.
Religious Trust Accounting
Object-wise application of funds, corpus vs revenue distinction, fund accounting framework.
ITR-7 Preparation
Schedule-wise return preparation specific to charitable institutions.
The results we delivered.
At N D Savla & Associates, we don't just ensure compliance — we help you make smarter financial decisions with clarity and confidence.
