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CBDT releases draft notification proposing new audit report Form for Trust/Institution

May 21, 2019
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Rule 17B of the Income-tax rules, 1962 provides furnishing of audit report by a trust or institution in Form No. 10B. Said rule & form was notified long ago in the year 1973. Thus, CBDT has released draft notification proposing amendment to Rule 17B & Form 10B in order to rationalise them to align with the requirements of the present times.
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