Webinar on Filing of Audit Report under Form 10B and 10BB with Detailed Discussion of Clause-by-Clause Analysis of Forms
The webinar on Filing of Audit Report under Form 10B and 10BB will provide a comprehensive overview of the filing process, focusing on a detailed clause-by-clause analysis of the forms. Attendees will gain insights into compliance requirements and best practices for accurate and timely submission.
Faculty Instructor
Start Date
24 Aug 2024
End Date
24 Aug 2024
Duration :
2 Hrs
Lesson :
1
Time :
06:00 PM
-
08:00 PM
₹1399
₹1999
+GSTWho is this for?
- Students and Learners
- Government Officials
- Business Owners
- Finance Professionals
- Accountants
- Tax Professionals
What will be Covered in the Course?
- Clause by clause discussion on filing of Form 10B and 10BB
- Detailed discussion on filing of ITR-7
- Parallel regimes for exemption of Charitable and Religious Trust i.e. Section 10(23C) and Section 11 to 13 of the Income Tax Act,1961
- Definition of Charitable purpose as per section 2(15) and interpretation of incidental activities.
- Sources of income of the trust including anonymous donation, deemed income, capital gain etc.
- Detailed discussion on section 11 of Income Tax Act,1961 including the consequences when 85% of the income is not utilized for application- Measures available to the trust: 10 bb content
▪ Deemed application as per explanation 1 to section 11(1)- Filing of Form 9A
▪ Not to be included in total income as per section 11(2)- Filing of Form 10 - Treatment of inter-society donations
- Application allowed where assets are purchased on loan.
- Detailed discussion on corpus donation and its taxability in income tax.
- Detailed discussion on section 13 of the Income Tax act,1961 including denial of exemption u/s 11, specified parties etc.
- Taxability of deemed income as per the provisions section 115BBI of the Income Tax Act,1961.
- Detailed discussion on section 115TD of the Income Tax Act,1961.
- Consequences of not getting the accounts audited and non-filing of return.
Form 10B and 10BB Course’s Key Features
- English Medium
- Duration 2 Hours
- E Certificate
- E Notes available
- The Recordings will be provided