FORM NO. 10B
(See Rule 17B)
Audit Report
under section 12A(b) of the Income-tax Act, 1961, in the case of charitable or
religious trusts or institutions
I/We have examined the Balance Sheet
of M/S. ____________________ at 31st
March, 200_ and profit and loss account for the year ended that date which are
in agreement with the books of account maintained by the said trust or
institution.
I/we
have obtained all the information and explanations, which to the best of my/our
knowledge and belief were necessary for the purposes of the audit. In my/our
opinion, proper books of account have been kept by the head office and the
branches of the above-named trust/institution visited by me/us so far as
appears from my/our examination of the books, and proper returns adequate for
the purposes of audit have been received from branches not visited by me/us
subject to the comments given below:
NIL
In
my/our opinion and to the best of my/our information, and according to the
information given to me/us, the said accounts give a true and fair view:
(i)
In
case of the balance sheet, of the State of affairs of the above –named
trust/institution as at 31st March, 200_ and
(ii)
In
case of the profit and loss account, of the profit or loss of its accounting
year ending on 31st March, 200_.
The prescribing particulars are annexed
hereto.
Address:-
________________________
For, _________________________ ________________________ Chartered Accountants
________________________
Dated : _______________
______________________
________________
ANNEXURE
Statement of Particulars
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I
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Application
of income for Charitable or religious Purposes
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Rs.
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1.
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Amount
of income of previous year applied to charitable or religious purpose in
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2
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Whether
the trust/institution has exercised the option clause (2) of the Explanation
to section 11(1) (c)? If so, the details of the amount of income deemed to
have been applied to charitable or religious purpose in
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3
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Amount
of income accumulated or set apart/finally set apart for application to
Charitable or religious purpose, to the extent it does not exceed 15 percent
of the income derived from property held under trust wholly/ in part only for
such purpose.
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4
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Amount of income eligible for
exemption under section 11(1) (c)
(Given details)
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5
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Amount of income, in addition
to the amount referred to in item 3 above, accumulated Or set apart for
specified purpose under section 11(2).
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6
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Whether the amount of income
mentioned in item 5 above has been invested or deposited In the manner laid
down in section 11(1) (b)? If so, the details thereof.
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7
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Whether the amount of income
in respect of which an option was
exercised under clause (2) of the Explanation to section 11(1) in any earlier
year is deemed to be income of the previous year under section 11(1)(b) If
so, the details thereof.
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Contd….P/2
Page : 2
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8.
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Whether, during the previous
year, any part of income accumulated or set apart for specified purposes
under section 11(2) in only earlier year
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(a)
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Has been applied for purposes
other than charitable or religious purposes or has ceased to be accumulated
or set apart for application thereof, or
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(b)
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Has ceased to remain invested
in any security referred to in section 11(2) (b)(i), or deposited in any
account referred to in section 11(2)(b)(iii) or
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(c)
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has not been utilized for
purposes for which it was accumulated or set apart, during the period for
which is was to be accumulated or set apart, or in the immediately following
the expiry thereof ? If so, the details thereof :
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II. Application or use of income or property for the benefit of
persons referred to in section 13(3)
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1
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Whether any part of the
income or property of the trust/ institution was lent, or continues to be
lent, in the previous year to any person preferred to in section 13(3)
hereinafter referred to in this annexure as such person? If so, give details
of the amount, rate of interest charges and the nature of security, if any :
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2.
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Whether any land, building or
other property of the trust/ institution was made, or continued to be made
available for the use of any such person during the previous year? If so,
give details of the property/and the amount of rent or compensation charged,
if any:
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3.
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Whether any payment was made
to any such person during the previous year by way of salary, allowance or
otherwise? If so, give details:
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4.
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Whether the services of the
trust/institution were made available to any such person during the previous
year? If so give details thereof together with remuneration or compensation
received, if any:
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5.
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Whether any share security or
other property was purchased by or on behalf of the trust/ institution during
the previous year from any such person? If so, give details hereof together
with the consideration paid:
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Contd…..P/3
Page
: 3
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6.
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Whether any share, security
or other property was sold by or on behalf of the trust/ institution during
the previous year from any such person? If so give details thereof together
with the consideration receivecd:
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7.
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Whether any income or
property of the trust/ institution was diverted during the previous year in
favour of any such person? If so, give details thereof together with amount
of income or value of property so diverted.
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8.
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Whether the income or
property of the trust/institution was used or applied during the previous
year for the benefit of any such person in any other manner? If, so give
details.
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III.
Investment held at any time during the Previous year (s) in concerns in
which persons referred to in section 13(3) have a substantial interest.
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Sl.
No
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Name
and address of the concern
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Whether
the concern is a company, No. and class of shares held
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Nominal
value of the investment
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Income
from the investment
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Whether
the amount in col.(4) exceeded 5% of the Capital of the concern during the
previous year say, Yes/No
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(1)
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(2)
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(3)
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(4)
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(5)
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(6)
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 |
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 |
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TOTAL
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Address:-
________________________
For,
_________________________
________________________ Chartered Accountants
________________________
Dated : _______________
______________________
________________
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