Form 10B Filing Services

Professional Assistance for Form 10B Audit and Filing

Charitable trusts and non-profit organizations that claim income tax exemption are required to comply with certain audit and reporting requirements under the Income Tax Act. One of the key compliance requirements is the filing of Form 10B, which is an audit report for charitable or religious trusts.

The form must be certified by a Chartered Accountant and submitted to the Income Tax Department along with the trust’s financial information.

At N D Savla & Associates, we assist charitable trusts, NGOs, and non-profit organizations with preparation, audit, and filing of Form 10B, ensuring proper compliance with income tax regulations.

What is Form 10B?

Form 10B is an audit report required for charitable and religious trusts that claim tax exemption under the Income Tax Act.

The audit report verifies that:

• The trust’s financial statements are accurate

• Income and expenses are properly recorded

• Funds are utilized for charitable or religious purposes

• The trust complies with applicable tax provisions

The report must be prepared and certified by a Chartered Accountant before it is submitted electronically to the Income Tax Department.

Who Needs to File Form 10B?

Form 10B is generally required for charitable and religious trusts that are registered under the Income Tax Act and claim tax exemption.

This may include:

• Charitable trusts

• Religious trusts

• NGOs and non-profit organizations

• Educational or social welfare trusts

• Organizations registered under Section 12A or related provisions

Filing the audit report helps ensure continued eligibility for income tax exemptions.

Purpose of Form 10B

The primary objective of Form 10B is to provide an independent verification of the trust’s financial activities.

Key purposes include:

• Ensuring transparency in financial reporting

• Confirming proper use of funds for charitable purposes

• Verifying compliance with income tax provisions

• Supporting claims for tax exemptions

• Maintaining accurate financial documentation

This audit helps both the trust and the tax authorities ensure proper compliance.

Our Form 10B Filing Services

At N D Savla & Associates, we provide complete support for Form 10B preparation and filing.

Our services include:

• Review of trust financial records and accounts

• Conducting the required audit of the trust

• Preparation of the Form 10B audit report

• Certification by a Chartered Accountant

• Online filing of Form 10B with the Income Tax Department

• Assistance with compliance requirements for charitable trusts

Our team ensures that the filing process is completed accurately and within the prescribed timelines.

Documents Required for Form 10B Filing

To prepare and file Form 10B, the following documents are generally required:

• Trust registration documents

• Trust deed

• Financial statements of the trust

• Books of accounts and supporting records

• Bank statements and reconciliation details

• Donation records and receipts

• Previous audit reports (if applicable)

Our team reviews the documents and prepares the audit report accordingly.

Why Choose N D Savla & Associates?

Trust compliance requires proper documentation and accurate financial reporting.

With N D Savla & Associates, you benefit from:

• Experienced Chartered Accountants handling trust audits

• Accurate review of financial statements

• Proper preparation and certification of Form 10B

• Timely filing with the Income Tax Department

• Professional guidance on trust tax compliance

We help trusts and NGOs maintain smooth compliance and transparent financial reporting.