Form 10BB Audit Report for smaller trusts and 10(23C) institutions.
Form 10BB is the audit report for smaller charitable trusts, educational institutions, and medical institutions registered under Section 12AB or notified under Section 10(23C) — covering trusts with income up to the threshold and no foreign income or application outside India.
Form 10BB is the audit report prescribed under Rule 16CC of the Income Tax Rules. It applies to trusts and institutions — charitable, educational, and medical — that fall outside the Form 10B parameters: total income before exemption is within the threshold, there is no foreign income or foreign contribution, and no income is applied outside India.
While simpler than Form 10B in scope, Form 10BB still requires complete disclosure of income, application, accumulation, related-party transactions under Section 13(3), and compliance with Section 10(23C) conditions for notified institutions. Educational institutions under 10(23C)(iiiad) and medical institutions under 10(23C)(iiiae) have specific exemption thresholds that have evolved over recent years.
Our Form 10BB practice covers the underlying audit, schedule preparation, and online filing. We work with schools, colleges, hospitals, and smaller trusts — verifying that exemption conditions are met, that application of income is properly recorded, that no Section 13 violations exist, and that Form 10BB is filed at least one month before the ITR-7 due date to preserve the trust's exempt status.
Our Form 10BB Services
Trust Audit Under 12AB
Statutory audit under Section 12A(1)(b) for 12AB-registered trusts within Form 10BB parameters.
10(23C) Audit
Audit of educational and medical institutions notified under Section 10(23C) with conditions verification.
Application of Income Review
Verification that 85% of income is applied for charitable purposes or properly accumulated.
Section 13 Compliance
Examination of related-party transactions, payments to specified persons, and Section 13(1) compliance.
Educational Institution Audit
Specialised audit support for schools, colleges, and universities claiming 10(23C)(iiiad) / (vi) exemption.
Medical Institution Audit
Specialised audit for hospitals and nursing homes claiming 10(23C)(iiiae) / (via) exemption.
Online Filing
Online filing of Form 10BB with DSC at least one month before the ITR-7 due date.
ITR-7 Coordination
Coordinated ITR-7 filing with Form 10BB data and computation of exemption.
Our Form 10BB Workflow
Engagement & Planning
Engagement letter, trust deed / society document review, and registration verification.
Audit Execution
Full audit of receipts, application, corpus, investments, and Section 13 transactions.
Schedule Preparation
Compilation of Form 10BB schedules including income application and accumulation details.
Online Filing
Online filing of Form 10BB at least one month before the return due date.
ITR-7 Filing
Filing of ITR-7 with consistent disclosures and exemption claim.
Why Use Our Service
Frequently Asked Questions
Form 10BB is the audit report under Rule 16CC for smaller charitable trusts and 10(23C) institutions — schools, colleges, hospitals — not covered by Form 10B.
When the trust's total income is within the prescribed threshold (₹5 crore), there is no foreign income or foreign contribution, and no income is applied outside India.
Educational institutions, universities, hospitals, and notified charitable trusts existing solely for charitable purposes can claim exemption under specific clauses of Section 10(23C).
Form 10BB must be filed at least one month before the due date of ITR-7 — typically by 30th September if the return is due 31st October.
Non-filing can lead to denial of exemption under Section 11 or 10(23C) for the year. Condonation of delay can be sought in genuine cases.
Smaller Trust or 10(23C) Institution?
Whether a school, hospital, or charitable society, we handle audit and Form 10BB filing end-to-end so the exemption is never at risk.
Get Form 10BB Filed or call +91 9819 000 511