Registration process of charitable trusts to be audited by O/o CsIT (Audit) : CBDT

Registration process of charitable trusts to be audited by O/o CsIT (Audit) : CBDT

Government of India
Ministry of Finance,
Department of Revenue,
Central Board of Direct Taxes,
Audit and Public Accounts Committee Division

F. No. 240/8/201A &PAC I I

Dated 14/12/2018

Partial Modification of the Instruction No. 6 of 2017

It has been recommended by the Honble Public Accounts Committee that the process of the Registration Process of Charitable Trusts / Institutions should be brought under the purview of internal audit. The Additional Director General (Audit &Inspection) in consultation with the Chief Commissioner of the Income Tax (Exemptions) has recommended a system in place for this purpose. Consequently, following para (numbered as 5.12) is being inserted immediately after para 5.11 of the Instruction No. 6 of 2017:

5.12 The registration process of charitable trusts / institutions will be audited by Internal Audit Party as per Procedure of Internal Audit of the Process of Registration of Charitable Trusts / Institutions of Commissioner of Income Tax (Exemptions)given in Annexure D.

2. This issues with approval of the Chairman (CBDT).

(Sunita Verma)

Director A & PAC Division,
CBDT,
New Delhi

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Source : ITAT.org