Form 10B Audit Report for Trusts & NGOs — Audited. Reported. Filed on Time.
Preparation, certification and e-filing of the Form 10B audit report for charitable and religious trusts, societies and Section 8 companies across Nashik and Maharashtra.
Book Free ConsultationCharitable and religious trusts, societies and Section 8 companies claiming exemption under Sections 11 and 12 of the Income-tax Act are required to get their accounts audited and furnish the audit report in the prescribed form. Form 10B is the audit report applicable to institutions falling within the categories notified for that form, and it must be filed electronically by a chartered accountant before the due date linked to the return of income.
At N D Savla & Associates, we handle the full Form 10B cycle for exempt institutions in Nashik and across Maharashtra — reviewing books, verifying application of income, examining corpus and specified-person transactions, and completing the audit report along with its annexures.
Because Form 10B carries detailed reporting on matters such as application of income, accumulation, foreign contributions and payments to specified persons, accuracy at the audit stage directly protects the institution's exemption. We work through the schedules with the trustees rather than simply collecting a signature at the end.
Our Form 10B Services
Books & Records Review
Examination of receipts, payments, income and expenditure and balance sheet of the trust or institution for the year.
Application of Income Verification
Verification of amounts applied to charitable or religious purposes in India and the supporting documentation.
Accumulation & Corpus Checks
Review of accumulated income, corpus donations and their investment in the prescribed modes.
Specified Person Transactions
Identification and reporting of income or property applied for the benefit of persons referred to in Section 13(3).
Annexure Preparation
Compilation of the detailed statement of particulars annexed to the audit report.
Audit Report Certification
Signing and certification of the Form 10B audit report by a chartered accountant.
E-Filing & Acceptance Tracking
Uploading the form on the income tax portal and tracking acceptance by the assessee.
Compliance Advisory
Guidance on registration conditions, timelines and record-keeping to protect exemption status.
Our Form 10B Audit Process
Engagement & Data Collection
We collect the trust deed, registration orders, financial statements and supporting records for the year.
Audit Fieldwork
Receipts, applications of income, donations and investments are examined and verified against records.
Reporting Points & Clarifications
Observations and gaps are discussed with the trustees and clarified before the report is finalised.
Form & Annexure Preparation
The audit report and its annexure schedules are drafted and reviewed with the institution.
E-Filing & Acceptance
The form is uploaded by the auditor and accepted by the assessee on the income tax portal within the due date.
Why It Matters
Frequently Asked Questions
Need your Form 10B audit report filed?
Share your trust's financials and registration details — we'll complete the audit and file the report within the due date.
