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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