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Trust and Societies

 

Trust and Societies -- Audit

We undertake auditing and assurance services under Bombay Public Trust Act, 1951, Indian Trust Act, 1938, Societies Registration Act, 1960 and Gujarat Co-operative Societies Act, 1961. Special requirements under the relevant statutes are assured to have been duly complied with. Whilst performing attestation, quickness and quality are ensured. We truly recognize charitable organizations and our fees structure is lineal and generous. Our valued clients may log in to view and access their yearwise records.

 


 

Special Provisions of trust:

Trusts and societies get governed by Bombay Public Trust Act, 1951, Indian Trust Act, 1938, Societies Registration Act, 1960 and Gujarat Co-operative Societies Act, 1961. These statutes have very special requirements and lapse or infringement results in penalties and interest. We advise clients on investment, utilization of trust/society funds, creating endowments and special purpose corpuses. We also let client know about the possible availing of subsidies and significance of accounting grants, both capital and revenue into books of accounts.


There are recurrent annual requirements in terms of filing accounts with the charity commissioner, as also obtainingrecognition u/s 80G of the Income-tax Act, 1961, obtaining no or lower deduction certificate from the tax authorities, filing annual tax return. We carry out these functions professionally and diligently.

 


 

 

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