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ICAI publication

Updates from ICAI publication

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The law relating to audit of charitable trusts and institutions is complex and has been the subject matter of frequent amendments. In this regard, ICAI has issued the Technical Guide on Audit of Charitable Institutions under Section 12A of the Income tax Act, 1961. This publication provides guidance to members on audit of public charitable institutions under the Income-tax Act, 1961. Some key topics discussed in the Technical Guide include:

  • Audit under Section 12A(1)(b),
  • Scheme of exemption(s),
  • Relevant judicial precedents, etc.

To access the text of the publication, please click here

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