Trust & NGO Audit · Panaji, Goa
Trusted audit for charitable trusts, religious trusts, societies and NGOs in Goa — protecting your 12A and 80G exemptions with careful fund-utilisation review and timely Form 10B reporting.
Overview
Charitable and religious trusts enjoy valuable tax exemptions — but only if their accounts are audited and reported on time in Form 10B or 10BB. For a trust, a missed deadline doesn't just mean a penalty; it can mean the whole year's income becoming taxable.
N D Savla & Associates provides dependable trust audit services across Goa — reviewing donations, grants and fund utilisation and safeguarding your 12A/80G status. For the statutory detail, see our audit under the Trust Act page, and we also support ongoing accounting and filings.
Audit of receipts & payments, income & expenditure and balance sheet against the trust deed.
Audit report for 12A/12AB entities covering income, application and accumulation.
Verification that exemption and donor-deduction conditions are met.
Review of how donations and grants are applied, with utilisation certificates.
Compliance for trusts receiving foreign contributions, where applicable.
On-time return and audit-report filing to safeguard exemption.
Our process
Understand your trust, registrations and reporting.
Secure collection of accounts, donations and grants.
Fund-utilisation review and Form 10B/10BB drafting.
Timely filing to safeguard your exemption.
Frequently asked questions
The statutory and tax audit of charitable and religious trusts, societies and NGOs — examining accounts, donations, grants and fund utilisation, verifying compliance with the trust deed and tax law, and preparing Form 10B/10BB to protect tax-exempt status.
When total income before claiming exemption exceeds the basic exemption limit, and where required under the applicable trust or societies law. 12A/12AB entities must file Form 10B/10BB to claim exemption.
The audit report for charitable or religious trusts registered under Section 12A/12AB, reporting income, application and accumulation of funds and compliance with the exemption conditions under Sections 11 and 12.
12A/12AB grants exemption on income applied to charitable purposes; 80G lets donors claim deductions. The audit verifies the conditions are met, and timely filing protects both the exemption and donor benefits.
Receipts and payments, income and expenditure, balance sheet, donation and grant records, FCRA receipts where applicable, fixed assets, and compliance with the trust deed and exemption conditions.
Late filing can lead to denial of exemption under Sections 11 and 12, exposing the trust's income to full taxation plus penalties. Timely trust audit protects exempt status.
Yes. We help form trusts, societies and Section 8 companies, draft the deed or bye-laws, obtain 12A and 80G registration, and set up compliant books, followed by ongoing audit and filing support.
Yes — trust, society and NGO audit and compliance across Panaji, Margao, Vasco, Mapusa, Ponda and the rest of Goa.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll review your trust or NGO and file your audit and Form 10B on time — no obligation.