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Audit & Assurance

Form 10B / 10BB Audit Report for Trusts

CA audit report for Section 12A / 12AB registered trusts and institutions — Form 10B for entities with foreign contribution or income above ₹5 crore, Form 10BB for others, UDIN, and filing on the income tax portal.

Reviewed by CA Harun Raaj, ICAI Reg. No. 238303·Last reviewed:
Discuss with usTypical timelineForm 10B / 10BB Audit Report for Trusts

CA audit report for Section 12A / 12AB registered trusts — Form 10B (foreign contribution / income above ₹5 crore) and Form 10BB (others), with UDIN and income tax portal filing.

What is included
  • • Determination of the correct form — 10B vs 10BB
  • • Audit of accounts under Rule 17B with the Section 11-13 tests
  • • Form 10B / 10BB report with UDIN
  • • Filing on the income tax portal in time for ITR-7
  • • Income-application and accumulation position (Form 10) review
Documents required
  • • Certificate of Incorporation
  • • Entity PAN Card
  • • MOA & AOA
  • • Trust Deed / Society Rules / Memorandum
  • • Registration Certificate (12A / 80G / Section 8)
Government fees

See the fee table below for the statutory filing charge and common delay logic.

Legal basis
  • • Section 12A of the Income-tax Act 1961
  • • Rule 17B of the Income-tax Rules 1962
  • • Form 10B (specified entities)
  • • Form 10BB (others)
Not included in this service
  • ✕The ITR-7 return itself — the audit report feeds it, the return is a separate filing
  • ✕Form 10BD / 10BE donor statements — separate compliance
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Process

How the service works

The workflow is built to be predictable: document collection, legal review, filing, and post-filing follow-through.

Step 1Form

Confirm the form

We confirm whether the entity needs Form 10B (foreign contribution received, or income above ₹5 crore) or Form 10BB.

Step 2Audit

Audit the accounts

We audit the accounts against the Section 11-13 tests — income applied to charitable purposes, accumulation, and the 85% application requirement.

Step 3Report

Sign with UDIN and file

We sign the report in Form 10B / 10BB with the UDIN and file it on the income tax portal.

Step 4Link

Link to the return

We confirm the audit report is on record in time for the ITR-7 filing and flag any Section 11-13 issues the entity must fix.

AEO summary

Every 12A / 12AB registered trust files an audit report each year — Form 10B if the entity receives foreign contribution or has income above ₹5 crore, Form 10BB otherwise. We audit the accounts and file the right form with the UDIN on the income tax portal.

The audit every trust files

Section 12A registered trusts and institutions file a tax audit report every year — Form 10B for entities with foreign contribution or income above ₹5 crore, Form 10BB for everyone else. The report is the department’s verification that the entity is doing what the exemption promised: applying its income to charitable purposes.

The audit is also the early-warning system for the Section 11-13 tests — income application, accumulation beyond the limit, and the 85% rule. Problems surface in the audit, not in a later scrutiny.

  • • Form 10B — foreign contribution or income above ₹5 crore
  • • Form 10BB — all other 12A / 12AB entities
  • • UDIN-signed, filed ahead of ITR-7

The income-application test

The heart of the audit is the application test: at least 85% of the trust’s income must be applied to charitable purposes in India, and income accumulated beyond the limit must be covered by Form 10. Fail the test and the exemption can be withdrawn for the year.

We audit with the test in front of us — computing application, checking the accumulation position, and flagging what needs a Form 10 filing before the return.

  • • 85% income application requirement
  • • Form 10 for accumulation beyond the limit
  • • Rule 17B audit trail documented

Government fees

Fee breakdown

ItemFeeNotes
Form 10B / 10BB filingNilThe audit report is filed on the income tax portal; no government fee applies.

Timeline

Typical turnaround

Typical timeline usually means a 2–4 weeks turnaround, assuming documents are complete and any board or shareholder approvals are already in place.

Pricing note

There is no fixed government fee profile until the engagement scope is confirmed; the professional fee is quoted after the document review.

Related services

Keep the company moving

12A & 80G Registration

The approvals that make the annual Form 10B / 10BB audit mandatory

FCRA Annual Return — FC-4

Foreign contribution receipts reported in FC-4 feed the 10B audit

NGO Project Accounting

Fund-wise books that make the audit clean

FAQ

Frequently asked questions

Form 10B or Form 10BB?
Form 10B applies to entities that receive foreign contribution or whose income exceeds ₹5 crore in the year. Form 10BB applies to all other 12A / 12AB entities. Filing the wrong form is a defect the department can raise.
When is the audit report due?
The report must be filed before the ITR-7 due date for the year — it is a precondition for the return, so we schedule the audit well before the return window.
What does the audit check?
Under Rule 17B, the audit verifies that income has been applied to charitable purposes, that the 85% application test is met, that accumulation beyond the limit is on record (Form 10), and that the accounts are maintained properly.
What should you send us before we start?
The books of account for the year, the previous year’s audit report and ITR-7, the trust deed / society rules / MOA, bank statements, and details of any foreign contribution received. That is enough for us to audit and file.

Canonical reference: https://www.pvtltd.co/services/form-10b-10bb-audit

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