Form No. 10B is an audit report required under Rules 16CC and 17B of the Income-tax Rules, 1962, for trusts, institutions, universities, educational institutions, and hospitals claiming tax exemption under Sections 10(23C) and 12A of the Income-tax Act, 1961. This form is certified by a Chartered Accountant and confirms that the financial statements present a true and fair view, books of accounts are properly maintained, and statutory compliance requirements are met. Filing Form 10B is mandatory for eligible entities to retain their tax-exempt status and ensure financial transparency.
Source: https://incometaxindia.gov.in
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[MBA in Finance]
Nazim Khan is an expert in Microsoft Excel. He teaches people how to use it better. He has been doing this for more than ten years. He is running this website (TechGuruPlus.com) and a YouTube channel called "Business Excel" since 2016. He shares useful tips from his own experiences to help others improve their Excel skills and careers.
