Public Trust Compliance · Panaji, Goa
Accurate annual accounts submission for public charitable trusts — bookkeeping, audit, and the filing of accounts and the audit report with the Charity Commissioner, along with the contribution payable — all completed within the prescribed time each year.
Overview
A registered public trust must keep regular books of account, have them audited where required, and submit the accounts and the audit report to the Charity Commissioner each year. It must also pay the contribution to the Public Trusts Administration Fund.
We maintain or review the trust’s books, conduct or coordinate the audit, prepare the accounts and balancing statement, submit them to the office and remit the contribution on time. Where the trust is registered under 12A, we also align its income tax return.
What's covered
From the books to a filed, audited return.
Get a fixed-fee quote →Maintaining or reviewing the trust’s books of account for the year.
Conducting or coordinating the audit of the trust’s accounts.
Preparing the accounts and the balancing statement.
Submitting the audited accounts and report to the office.
Computing and paying the contribution to the administration fund.
Aligning the trust’s income tax return where it is registered.
Our process
We finalise the trust’s accounts for the year.
Audit conducted and the report prepared.
Accounts, report and contribution filed.
Income tax return aligned where applicable.
Frequently asked questions
A registered public trust must submit its accounts and audit report for the year to the Charity Commissioner, along with the contribution payable to the Public Trusts Administration Fund. This is in addition to any income tax return the trust is required to file.
A public trust whose income or position exceeds the threshold prescribed under the public trusts Act must have its accounts audited by a qualified auditor. We confirm whether your trust requires an audit and arrange it accordingly.
The audited accounts and report are to be submitted to the Charity Commissioner within the period prescribed under the Act after the close of the year. We work to your year-end so the submission and contribution are made on time.
Registered public trusts pay an annual contribution to the Public Trusts Administration Fund, computed as a prescribed percentage of the trust's income, with exemptions for certain categories of trusts. It is remitted along with the annual accounts.
The audit of a public trust's accounts is carried out by a Chartered Accountant or other auditor qualified under the applicable law. As a CA firm we can conduct the audit or coordinate it and prepare the report for submission.
Failure to submit the annual accounts and contribution leaves the trust non-compliant under the public trusts Act and can attract questions and difficulties in the trust's dealings. Timely submission keeps the trust in good standing.
A charitable trust that is registered under section 12A and earns income is generally required to file an income tax return and meet the related conditions to retain its exemption. We align the trust's income tax filing with its Charity Commissioner submission.
Related services
Book a free consultation with a qualified Chartered Accountant. We'll prepare, audit and submit your trust's annual accounts and contribution on time — no obligation.