Balance Sheet and ITR Filing
Balance Sheet and ITR Filing
All NGOs must prepare audited financial statements (Balance Sheet, Income & Expenditure Account, and Receipts & Payments Account) and file income tax returns annually. Trusts and societies file ITR-7, while Section 8 Companies file ITR-6. Audit is mandatory for entities with income above the prescribed threshold or those registered under 12A/80G. FCRA-registered NGOs must additionally file an annual FCRA return (FC-4) by December 31.
Important Points:
- Audited Balance Sheet, Income & Expenditure Account, and Receipts & Payments Account
- ITR-7 for trusts and societies; ITR-6 for Section 8 Companies
- Tax audit mandatory if income exceeds prescribed limits or if registered under 12A
- FCRA return (FC-4) due by December 31 for FCRA-registered NGOs
- Compliance with 85% income application rule to maintain 12A/80G exemption
- All filings must be done electronically on the Income Tax e-Filing portal
For Any Compliance or Registration Services
Fill out the form below and our experts will call you back shortly.
