Annual Accounts Submission — Audited. Filed. Compliant.
Charitable trusts must submit audited annual accounts to the Charity Commissioner and file Form 10B with the Income Tax Department — we coordinate the audit, prepare the accounts, and file all submissions on time.
Contact UsEvery registered public charitable trust has a dual annual accounts obligation: submission of audited accounts to the Charity Commissioner under the applicable state trust legislation, and filing of the statutory audit report in Form 10B with the Income Tax Department as part of the ITR-7 return. Both submissions are mandatory for trusts with 12AB registration to maintain their income tax exemption, and failure to comply can result in the exemption being denied for the year.
The accounts must be prepared in the specific formats required by each authority. The Charity Commissioner requires an income and expenditure account, a receipts and payments account, and a balance sheet — typically in the format prescribed by the state trust legislation. Form 10B, filed with the income tax return, requires the auditor to certify the trust's compliance with the conditions of Section 11 exemption, including the 85% application of income requirement, corpus fund investments, and related-party transactions.
We coordinate the entire annual accounts process for charitable trusts: working with the trust's accounts team to prepare the financial statements in the correct format, engaging the statutory auditor for the audit, preparing Form 10B, coordinating the ITR-7 filing, and submitting the audited accounts to the Charity Commissioner. For trusts with FCRA registration, we also coordinate the FCRA annual return (FC-4).
Our Annual Accounts Submission Services
Annual Accounts Preparation
Preparation of the trust's income-expenditure account, receipts-payments account, and balance sheet in the format required by the Charity Commissioner.
Statutory Audit Coordination
Coordination with the trust's statutory auditor for the annual audit, including provision of accounting data, query responses, and audit report finalisation.
Form 10B Preparation
Preparation of Form 10B — the chartered accountant's audit report under Section 12A(b) / 10(23C) — required for the trust's income tax return.
Charity Commissioner Submission
Submission of the audited balance sheet, income-expenditure account, and auditor's report to the Charity Commissioner within the prescribed deadline.
ITR-7 Filing
Preparation and filing of the trust's income tax return in ITR-7, along with Form 10B and all required disclosures.
FCRA Annual Return (FC-4)
For trusts with FCRA registration, preparation and filing of the annual FCRA return (FC-4) on the FCRA portal — mandatory within 31 December each year.
Income Application Review
Review of the trust's income application to verify that the 85% mandatory application requirement under Section 11 is met for the year.
Prior Year Catch-Up Filings
Filing of annual accounts and returns for prior years where submissions have been missed, along with assessment of the penalty exposure.
Our Process
Accounts Compilation
We work with the trust's accounts team to compile and organise the financial records for the year — receipts, payments, corpus transactions, and fixed asset details.
Account Preparation
The income-expenditure account, receipts-payments account, and balance sheet are prepared in both the Charity Commissioner format and the income tax format.
Audit Coordination
The statutory auditor is provided with the prepared accounts, relevant documents, and a data pack. Audit queries are addressed and Form 10B is finalised.
Charity Commissioner Submission
The audited accounts are submitted to the Charity Commissioner in the prescribed form, within the applicable deadline.
ITR-7 Filing
The trust's income tax return (ITR-7) is filed with Form 10B and all required schedules on the income tax e-filing portal.
Why It Matters
Frequently Asked Questions
Need to submit your trust's annual accounts to the Charity Commissioner?
We prepare the accounts, coordinate the audit, file Form 10B, submit to the Charity Commissioner, and file ITR-7 — complete annual accounts compliance for your charitable trust.
