Income applied
How much was spent on the trust’s objects, and how.
Chartered Accountants in India, working with clients across Europe
Chartered Accountants in India, working with clients across Europe
Registered trusts and NGOs must have their accounts audited to keep their exemption. Form 10B is for the larger or foreign-linked ones; others use Form 10BB. From tax year 2026-27 both became Form 112. Check which applies.
A guide only, for years up to 2025-26.
| Form 10B | Form 10BB | From 2026-27 | |
|---|---|---|---|
| Income above ₹5 crore | Yes | No | Form 112 |
| Foreign contribution | Yes | No | Form 112 |
| Income applied abroad | Yes | No | Form 112 |
| Other registered trusts | No | Yes | Form 112 |
How much was spent on the trust’s objects, and how.
Amounts accumulated for future use.
Including anonymous donations.
Payments to trustees and their relatives.
Receipts and use, alongside FCRA records.
Confirm exemption conditions.
Receipts, spending and assets.
Spending, accumulation and limits.
In Form 10B or Form 112.
Filed after the report.
Related pages.
We audit Indian trusts and NGOs supported from every EU country, Switzerland and Norway.
Share your accounts and registrations. We’ll complete the audit and file the report.
General guidance based on the rules as they stand, including the Income-tax Act, 2025 and the Income-tax Rules, 2026. It is not legal, tax or financial advice for your situation; please contact us before acting on it.