Trust Audit Services — Audited for Exemption, Not Just Format.
Statutory, income tax and grant audits for charitable trusts, societies and Section 8 companies across Nashik and Maharashtra, by an ICAI-registered CA firm.
Book Free ConsultationCharitable trusts, societies and Section 8 companies operate under several audit expectations at once — audit under the governing state legislation, audit reporting under the Income-tax Act to support exemption, and often separate audits or utilisation certificates required by donors and grant-making bodies.
At N D Savla & Associates, we audit trusts and NGOs across Nashik and Maharashtra with these overlapping requirements in mind, so the same underlying records support the statutory audit, the income tax audit report and the donor reporting without contradiction between them.
Our focus is on the areas that actually threaten exemption: application of income, accumulation and its investment, corpus handling, payments to specified persons, and the treatment of foreign contributions where applicable.
Our Trust Audit Services
Statutory Trust Audit
Audit of the trust's accounts as required under the applicable governing legislation.
Income Tax Audit Reporting
Preparation and filing of the applicable income tax audit report for exempt institutions.
Application of Income Review
Verification of amounts applied to the objects of the trust and supporting documentation.
Accumulation & Investment Audit
Review of accumulated income, corpus and investments in the prescribed modes.
Specified Person Transaction Review
Examination of transactions with trustees and other specified persons.
Grant & Donor Utilisation Audit
Utilisation certificates and project-wise audits required by funders and grant agencies.
Internal Control Review
Review of receipts, payments, procurement and cash controls within the institution.
Governance & Compliance Advisory
Advice on trustee governance, minutes, registers and periodic compliance obligations.
Our Trust Audit Process
Scoping & Document Request
We identify the audits required and request the trust deed, registrations and financial records.
Control & Process Understanding
Receipt, payment and project spending processes are understood and tested.
Substantive Verification
Income, application, corpus, investments and grant spending are verified against records.
Reporting & Discussion
Findings and reportable matters are discussed with the trustees before finalisation.
Report Issue & Filings
Audit reports are issued and the applicable income tax forms are filed within the due dates.
Why It Matters
Frequently Asked Questions
Need your trust's audit completed this year?
Share your registrations and financials — we'll scope the audits required and complete them within the due dates.
