Trust/Society Audit.
Charitable trusts and societies usually face two audits that run together: the accounts audit required by the state public trusts law, and the income-tax audit report a registered non-profit must file to keep its income exempt. We audit the books, test how income has been applied to the objects, and prepare both reports so they agree with each other.
Typically 2–3 weeks once the books are closed. The number of donors and grants, restricted funds and branches drive the time, and the income-tax report must be filed one month before the return due date.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Public charitable trusts and societies registered with the Charity Commissioner
- Registered non-profits whose income, before exemption, is above the basic exemption limit
- Organisations that issue donation receipts and file donor statements
- NGOs receiving foreign contribution that also need a chartered accountant's certification
What you receive at the end.
- 01Audited balance sheet and income and expenditure account
- 02Audit report in the format prescribed by the state public trusts law
- 03Income-tax audit report (Form 10B/10BB or Form 112, depending on the year), filed online
- 04Note on application of income, accumulations and compliance gaps
Trust/Society Audit, step by step.
Typically 2–3 weeks once the books are closed. The number of donors and grants, restricted funds and branches drive the time, and the income-tax report must be filed one month before the return due date.
- 1
Registration and scope review
We check your trust deed or memorandum, registrations and approvals, and confirm which audit reports apply for the year.
- 2
Receipts and donations
We test donation receipts, corpus and restricted grants, anonymous donations and the donor statements filed for the year.
- 3
Application of income
We verify spending on the objects, accumulations, investments in permitted modes and any payments to related persons.
- 4
Statutory reports
We prepare the audit report in the format the state trust law requires, and the income-tax audit report: Form 10B or 10BB under section 12A(1)(b) of the 1961 Act for financial year 2025-26, and Form 112 under section 348 of the Income-tax Act, 2025 from tax year 2026-27.
- 5
Filing support
We upload the income-tax report on the e-filing portal for your approval and help file the trust-law audit report with the Charity Commissioner.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Trust deed or memorandum, and registration and approval certificates
- Books of account, bank statements and fixed deposit records
- Donation receipts, donor register and grant agreements
- Details of activities and spending on the objects
- Previous year's audit reports and income-tax filings
- Foreign contribution receipts and utilisation records, if any
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Trust/Society Audit.
Ready to discuss Trust/Society Audit?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.