Form 10AA, Download Income Tax Form 10AA in PDF Format

FORM NO. 10AA for Details of Accounts for Providing Relief to the Victims of Earthquake in Gujarat. FORM NO. 10AA is relevant only for charitable trusts/ funds/institutions approved by the commissioner under section 80G (vi) of the Act, if such funds received any donations towards Gujarat Earthquake Relief, such funds are required to get the accounts aforesaid donation audited by a Chartered Accountant.

(1) For the purpose of sub-section (5C) of section 80G, the prescribed authority shall be the Director General of Income-tax (Exemptions).

(2) The trust, the fund or the institution, which is established in India for a charitable purpose and is approved in terms of clause (vi) of sub-section (5) shall maintain separate accounts of income and expenditure for providing relief to the victims of earthquake in Gujarat and get such accounts audited by an accountant, as defined in the Explanation to sub-section (2) of section 288 and furnish the report of such audit, duly signed and verified by such accountant to the Director General of Income-tax (Exemptions) in Form No. 10AA. Such authority, on receipt of the accounts in the said form, shall give the finding as to whether the donations received for the purpose of providing relief to the victims of earthquake in Gujarat are chargeable to tax in the hands of the trusts or the fund or the institution under clause (23C) of section 10 or under section 12 or not, as the case may be, and determine the extent thereof.

(3) Where the findings of the Director General of Income-tax (Exemptions) are not beneficial to the assessee, such authority shall give an opportunity to the assessee before making the findings.

(4) The Director General of Income-tax (Exemptions) shall bring his findings to the knowledge of the concerned Assessing Officer within one month of making such findings.

FORM NO. 10AA

[See rule 18AAAA]

Details of accounts under section 80G (5C)(v) of the Income-tax Act, 1961,
for providing relief to the victims of earthquake in Gujarat

I. GENERAL DETAILS

(a)

Name and address of the trust/fund/institution

:

(b)

Registration No./Date

:

(c)

Permanent Account No.

:

(d)

Authority granting approval under section 80G

:

(e)

Number and date of approval

:

II. DETAILS OF PROJECT FOR GUJARAT EARTHQUAKE RELIEF

(a)

Nature of project

:

(b)

Date of commencement

:

(c)

Date of completion

:

(d)

Amount raised by donation

:

(e)

Branch-wise Bank Account numbers in which donations received

:

III. DETAILS OF OTHER PROJECTS BEING RUN BY THE TRUST/FUND/INSTITUTION DURING 26-1-2001 TO 31-3-2003

Name of the project

Nature

Date of commencement

Date of completion

(a)

IV. DETAILS OF RECEIPTS DURING 26-1-2001 TO 30-9-2001

(in Rs.)

 

(i)

Total receipts:
Out of which

 

(ii)

Amount received through donations

:

Out of which

(iii)

Amount received through donations for Gujarat earthquake relief

:

Out of which

(iv)

Amount spent on or before 31-3-2003 for the purpose of Gujarat earthquake relief:

(v)

Amount unutilized, which is transferred to Prime Minister’s National Relief Fund on or before 31-3-2003:

(vi)

Amounts not spent for Gujarat earthquake relief :

(vii)

Amount unutilized, which is transferred to Prime Minister’s National Relief Fund after 31-3-2003:

(viii)

Amount received through donations for Gujarat earth-quake relief after 30-9-2001:

(ix)

Amount of donations received for Gujarat earthquake relief, which is chargeable to tax under section 12 or section 10(23C) :

V. DETAILS OF EXPENDITURE DURING 26-1-2001 TO 30-9-2001

(in Rs.)

(Please enclose copy of approval)

Item

Total amount paid

Date of last payment

(i)     Provision of medical relief:

(ii)     Construction of houses and buildings:

(iii)     Towards education & building of schools, etc.:

(iv)     Infrastructure creation:

(v)     Any other purpose (please specify):

I/We have examined the books of account including the balance sheet and the profit and loss account of the trust/fund/institution ______________ (Permanent Account No _________relating to period for which donations were received and utilised by the said trust/fund/institution for the purpose of Gujarat earthquake relief work.

I/We have obtained all the information and explanations which to the best of my/our knowledge and belief were necessary for the purposes of the audit. In my/our opinion, separate books of ac-count have been kept by the assessee in respect of donations received and utilised for the purpose of Gujarat earthquake relief work.

In my/our opinion and to the best of my/our information and according to explanations given tome/our opinion and to the best of my/our information and according to explanations given to me/us, the said accounts give a true and fair view.

Place

Date

Signed

Chartered Accountant

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