FORM NO.
10BB
[See rule 16CC and 17B]
Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause
(b) of sub-section (1) of section 12A of the Income-tax Act, 1961, in the case of a fund or trust or institution or
any university or other educational institution or any hospital or other medical institution which is required
to be furnished under clause (b) of the tenth proviso to clause (23C) of section 10 or a trust or institution
which is required to be furnished under sub-clause (ii) of clause (b) of section 12A
We have examined the balance sheet of XYZ TRUST
[name of the fund or trust or institution or any university or other educational institution or any hospital or other
medical institution] as at 31/03/2024 and the Income and Expenditure account or Profit and Loss account
for the year ended on that date are in agreement with the books of account maintained by the said fund or trust or
institution or university or other educational institution or hospital or other medical institution.
We have obtained all the information and explanations to the best of our knowledge and belief which are necessary
for the purposes of the audit.
In our opinion, proper books of account have been maintained at the registered office of the above named other
educational institution at the address mentioned at row 11 of the Annexure :
In our opinion and to the best of our information and according to explanations given to us, the particulars given in
the Annexure are true and correct subject to following observations or qualifications :-
(a) Records have been test checked to ascertain the information given in Form 10BB
(b) In respect of payments made by cheques and drafts, it is not possible to verify whether the payment in
excess of Rs. 10,000/- has been made otherwise than the crossed cheque or draft, as the necessary evidence
in support thereof is not in possession of the assessee. a certificate has been obtained from the assessee
regarding taking or accepting loan or deposit, or repayment of the same through an account payeee cheque
or an account payee bank draft.
In our opinion and to the best of our information, and according to information given to us, the said accounts give a
true and fair view :-
(i) in the case of the balance sheet, of the state of affairs of the above named other educational institution as
on 31/03/2024
and
(ii) in the case of the Income and Expenditure account or Profit and Loss account, of the income and application
or profit or loss of its accounting year ending on 31/03/2024
subject to the following observations/qualifications :-
(a) Records have been test checked to ascertain the information given in Form 10BB
(b) In respect of payments made by cheques and drafts, it is not possible to verify whether the payment in excess of Rs.
10,000/- has been made otherwise than the crossed cheque or draft, as the necessary evidence in support thereof is not
in possession of the assessee. a certificate has been obtained from the assessee regarding taking or accepting loan or
deposit, or repayment of the same through an account payeee cheque or an account payee bank draft.
The prescribed particulars are annexed hereto.
Place :
Date :
ABC Chartered Accountants
M. No. :
FRN :
Add:
ANNEXURE
Statement of particulars
Basic Details
1. PAN of the auditee
2. Name of the auditee XYZ TRUST
3. Assessment Year 2024-25
4. Previous Year 01/04/2023 to 31/03/2024
5. Registered Address of the auditee
6. Other addresses, if applicable
Legal
7. Type of the auditee Trust
8. Whether the auditee is established under an instrument ? Yes
Management
9. (a) Details of all the Author (s)/ Founder (s)/ Settlor (s)/Trustee (s)/ Members of society/Members of the
Governing Council / Director(s) / shareholders holding 5% or more of shareholding / Office Bearer (s) of the
auditee at any time during the previous year
Name of Relation Percentage of ID Code Unique Address Whether there is any If yes,
person shareholding Identification change in relation specify
in case of Number during previous year the
shareholder of audit change
(1) (2) (3) (4) (5) (6) (7) (8)
(b) In case if any of the persons [as mentioned in row 9(a)] is not an individual, then provide the following details of
the natural persons who are beneficial owners (5% or more) of such person at any time during the previous year.
Unique Identification Non-individual Percentag Whethe
Number person [as e of r there
S.N Name ID Code Address If yes,
mentioned in beneficial is any
o. Specify
serial number no ownershi change
the
9(a)] in which p (%) During
change
beneficial previou
ownership held s year
of audit
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Commencement of activities
10. (i) Where the auditee has been granted provisional registration or provisional approval, whether No
activities have commenced during the previous year
(ii) If yes in 10 (i) , date of commencement of activities
(iii) If the answer to 10(i) is yes, whether application for registration under section sub-clause (iii) of No
clause (ac) of sub-section (1) of section 12A or approval under clause (iii) of the first proviso to Clause
(23C) of section 10 has been filed?
(iv) If yes in 10(iii) above, the date of application for registration or approval
Details of Place where books of accounts and other documents have been maintained
11. (i) Whether the books of account and other documents have been kept and maintained in the form and Yes
manner and at such place as prescribed under rule 17AA by the auditee?
(ii) If Yes in (i) above, whether books of account are maintained at registered office? Yes
(iii) If No in (ii) above, provide the following details regarding any place other than the registered place where the books of
account are maintained
A Address of such place where the books are maintained
B Date of decision by management to keep account at such place
C Date of intimation to Assessing Officer that accounts are kept at such
place under proviso to sub-rule (3) of rule 17AA
Voluntary contributions
12. Whether auditee has filed Form No. 10BD for the previous year ( If No then skip to serial number 14 ) No
13. Sum total of donations reported in Form No. 10BD furnished by the auditee for the previous year 0
14. Donations not reported in Form No 10BD/ Not required to fill Form No. 10BD 0
15. Total voluntary contributions received by the auditee during the previous year [13+14)] 0
16. Total Foreign Contribution out of the total voluntary contributions stated in 15 0
17. Voluntary Contribution forming part of corpus (which are included in 15) 0
18. Anonymous donations taxable @30% under section 115BBC 0
19. Application outside India for which approval as per the proviso to clause (c) of sub-section (1) of section 11 0
has been obtained
20. Voluntary contributions required to be applied by the auditee during the previous year [15-(17+18+19)] 0
21. Income other than voluntary contributions derived from property held under the trust referred to in section 14526340
11 or income of fund or institution or trust or any university or other educational institution or any hospital or
other medical institution other than the contribution reported in serial number 15
22. Income required to be applied in India by the auditee during the previous year [20+21] 14526340
Application of Income
23. Application of income (excluding application not eligible and reported under serial number 27)
(i) Total amount applied for charitable or religious purposes in India during the previous year 140000395
(ii) Amount which was not actually paid during the previous year [if included in (i)] 0
(iii) Amount actually paid during the previous year which accrued during any earlier previous year but not 0
claimed as application of income in earlier previous year
(iv) Total amount to be allowed as application [23(i)- 23(ii) +23(iii)] 140000395
(v) Amount invested or deposited back in corpus which was applied during any preceding previous year 0
and not claimed as application during that previous year
(vi) Repayment of loan or borrowing during the previous year which was earlier applied and not claimed 0
as application during that previous year
Amount to be disallowed from application
(vii) Amount disallowable under thirteenth proviso to clause (23C) of section 10 or Explanation 3 to 0
sub-section (1) of section 11 read with sub-clause (ia) of clause (a) of section 40
(viii) Amount disallowable under thirteenth proviso to section 10(23C) or Explanation 3 to sub-section 0
(1) of section 11 read with sub-section (3) or (3A) of section 40A
(A) Amount disallowable under thirteenth proviso to section 10(23C) or Explanation 3 to sub-section (1) 0
of section 11 read with sub-section (3) of section 40A
(B) Amount disallowable under thirteenth proviso to section 10(23C) or Explanation 3 to sub-section (1) 0
of section 11 read with sub-section (3A) of section 40A
(ix) Donation to any fund or institution or trust or any university or other educational institution or 0
any hospital or other medical institution referred to in sub - clauses (iv), (v), (vi) or (via) of
clause (23C) of section 10 of the Act or any trust or institution referred to in sections 11 or 12 of
the Act towards corpus
(x) Donation to Any fund or institution or trust or any university or other educational institution or 0
any hospital or other medical institution referred to in sub - clauses (iv), (v), (vi) or (via) of
clause (23C) of section 10 of the Act or any trust or institution referred to in sections 11 or 12 of
the Act not having same objects
(xi) Donation to any person other than any fund or institution or trust or any university or other 0
educational institution or any hospital or other medical institution referred to in sub - clauses (iv),
(v), (vi) or (via) of clause (23C) of section 10 of the Act or any trust or institution referred to in
sections 11 or 12 of the Act
(xii) Application outside India for which approval under the proviso to clause (c) of sub-section (1) 0
of section 11 has not been obtained
(xiii) Application outside India for which approval under the proviso to clause (c) of sub-section (1) 0
of section 11 has been obtained
(xiv) Applied for any purpose beyond the objects of the trust or institution 0
(xv) Any other disallowance 0
(xvi Total allowable application [ {23(iv)+23(v)+23(vi) $ {23(vii) to 23(xv)}] 140000395
(xvii) Amount deemed to have been applied during the previous year under clause (2) of Explanation 1 0
to sub-section (1) of section 11
(xviii Income accumulated under the provisions of Explanation 3 to the third proviso to clause (23C) of 0
) section 10 or sub-section (2) of section 11
(xix) Income accumulated or set apart for application to charitable or religious purposes or stated 525945
objects of trust or institution to the extent it does not exceed 15 % of the income
24. Taxable income 22- [23(xvi) to 23(xix)] -126000000
25. Income taxable under section 115BBI 0
26. Anonymous donation which is chargeable to tax @ 30 % under section 115BBC 0
Application of income out of different sources
27. Application of income out of the following sources during the previous year
A Income accumulated under the third proviso to clause (23C) of section 10 or under sub-section (2) of 0
section 11 during any earlier previous year
B Income deemed to be applied in any preceding year under clause (2) of Explanation 1 to sub-section (1) 0
of section 11 during any earlier previous year
C Income of earlier previous years up to 15% accumulated or set apart 0
D Corpus 0
E Borrowed fund 0
F Any other (please specify) 0
Application of income out of different sources
28. Details of specified person** as referred to in sub-section (3) of section 13
Code of person Name of such person PAN of such Aadhar Address of such person If code 2 selected in
referred to in person number of column (1) specify
sub-section (3) such person, if the amount of
of section 13 allotted contribution made to
the auditee
29. Details of income/property referred to in section 13 (2)
a. Whether any part of the income or property of the auditee is, or continues to be, lent to No 0
any specified person for any period during the previous year without either adequate
security or adequate interest or both
b. Whether any land, building or other property of the auditee is, or continues to be, made No 0
available for the use of any specified person, for any period during the previous year
without charging adequate rent or other compensation
c. Whether any amount is paid by way of salary, allowance or otherwise during the No 0
previous year to any specified person out of the resources of the auditee for services
rendered by that person to such auditee and the amount so paid is in excess of what
may be reasonably paid for such services
d. Whether the services of the auditee are made available to any specified person during No 0
the previous year without adequate remuneration or other compensation
e. Whether any share, security or other property is purchased by or on behalf of the No 0
auditee from any specified person during the previous year for consideration which is
more than adequate
f. Whether any share, security or other property is sold by or on behalf of the auditee to No 0
any specified person during the previous year for consideration which is less than
adequate
g. Whether any income or property of the auditee is diverted during the previous year in No 0
favour of any specified person
h. Whether any funds of the auditee are, or continue to remain, invested for any period No 0
during the previous year, in any concern in which any specified person has a substantial
interest
30. Whether the auditee has incurred any specified violation as referred to in Explanation 2 to the No 0
fifteenth proviso to clause (23C) of section 10 or Explanation to sub-section (4) of section 12AB
and the amount of such violation
a. Income of the auditee has been applied, other than for the objects of the trust or No
institution.
b. Whether the auditee has income from profits and gains of business which is not No
incidental to the attainment of its objectives or separate books of account are not
maintained by auditee in respect of the business which is incidental to the attainment of
its objectives.
c. Whether the auditee, referred to in clause (a) of sub-section (1) of section 13, has No
applied any part of its income from the property held under a trust for private religious
purposes, which does not enure for the benefit of the public.
d. Whether the auditee, referred to in clause (b) of sub-section (1) of section 13, has No
applied any part of its income for the benefit of any particular religious community or
caste.
e. Whether any activity being carried out by the auditee is not genuine or is not being No
carried out in accordance with all or any of the conditions subject to which it was
registered.
f. Whether the auditee has not complied with the requirement of any other law, for the No
time being in force, and the order, direction or decree, by whatever name called, holding
that such noncompliance has occurred, has either not been disputed or has attained
finality.
31. Whether there is any claim of depreciation or otherwise has been made in terms of Explanation No 0
1 to clause (23C) of section 10 or sub-section (6) of section 11 in respect of any asset,
acquisition of which has been claimed as an application of income and the amount of such
depreciation?
32. Whether the auditee is required to deduct or collect tax as per the provisions of Chapter XVII-B No
or Chapter XVII-BB
A. Whether the auditee is liable to pay interest under section 201(1A) or section No
206C(7) ?
Schedules to fill as may be applicable < refer to instructions> Form 10BB
Schedule TDS disallowable: Details of amounts inadmissible and amount disallowable under thirteenth proviso
to clause (23C) of section 10 or sub-section (1) of section 11 read with sub-clause (ia) of clause (a) of section 40:
(a) Details of payment on which tax is not deducted
Date of Amount of Nature of payment Name of payee PAN or Aadhar Address of payee
Payment payment (in Rs.) of payee, if
DD/MM/YYYY available
(1) (2) (3) (4) (5) (6)
(b) Details of payment on which tax has been deducted but has not been paid on or before the due date specified in sub-
section (1) of section 139
Date of Amount Nature of Name of Payee PAN or Address of payee Amount of Amount out
Payment
of payment Aadhar of tax of (7)
DD/MM/YYYY
payment payee, if deducted deposited, if
(in Rs.) available any
(1) (2) (3) (4) (5) (6) (7) (8)
Schedule 40A(3): Details of amount is disallowable under thirteenth proviso to section 10(23C ) or Explanation 3 to sub-
section (1) of section 11 read with sub-section (3) of section 40A
S.No. Date of Amount of Nature of Name Of Payee Payee PAN or aadhar, Address of Payee
payment if available
payment payment
(In Rs.) (In Rs.)
Schedule 40A(3A): Details of Amount disallowable under thirteenth proviso to section 10(23C )/sub-section (1) of section
11 read with subsection (3A) of section 40A
S.No. Date of payment Amount Nature Name of Payee Payee PAN or Aadhar, if Address of Payee
available
Schedule TDS / TCS
Tax Deduction Section / Total Total Total amount Amount of Total amount Amount of Amount of tax
and Nature of amount of amount on on which tax tax on which tax tax deducted
Collection Payment payment which tax Was deducted deducted was deducted deducted or collected
Account Number Or receipt was or collected at or collected or or but not
(TAN) of the required to specified rate out of (6) collected at collected deposited to
nature be out of less than on the credit of
specified deducted specified rate (8) the Central
in column or out of (7) Government
(3) collected out of (6) and
out of (8)
(4)
(1) (2) & (3) (4) (5) (6) (7) (8) (9) (10)
Schedule Statement of TDS / TCS
Tax deduction and collection Type of Form If Type of Due date for Date of Whether the statement of tax
account number (TAN) Form is furnishing furnishing, if deducted or collected contains
"Others", furnished information about all transactions
please specify which are required to be reported
(1) (2) (3) (3) (4) (5)
Schedule Interest on TDS/TCS
Tax deduction and collection account Amount of interest under section Amount paid out of Date of payment
number (TAN) 201(1A)or 206C(7) is payable column (2) DD/MM/YYYY
(1) (2) (3) (4)
