What Is Form 10B? A Simple Guide to Income Tax Audit for NGOs
Think of Form 10B as a report card that a Chartered Accountant (CA) writes about your NGO’s finances, and hands over to the Income Tax Department every year. If your NGO enjoys tax exemption under Section 12A or Section 10(23C), the tax department wants proof that you are actually using the money the way you promised, on charitable work, not on anything else. Form 10B is that proof. Without it,…









