What Is Annual Compliance for Trusts/NGOs?

Firstly, annual compliance encompasses filing your audited financial statements, income tax returns (ITR), and statutory registers each year. Then, you must renew registrations under Sections 12A/80G and, if applicable, FCRA. Moreover, you conduct annual meetings, prepare minutes, and maintain books for six years. Consequently, these steps ensure legal validity and donor confidence.

Who Needs Trust/NGO Annual Compliance?

Therefore, every registered charitable trust, society, or Section 8 company must comply if they:

• Receive voluntary contributions, grants, or foreign donations (FCRA holders).
• Hold immovable property or run ongoing projects.
• Claim tax exemptions under Sections 11, 12A, or 80G.
• Maintain reserve funds or corpus beyond ₹25,000.

Moreover, even newly formed NGOs must begin compliance in the first financial year. Consequently, consistent filings prevent scrutiny and penalties.

Our Annual Compliance Procedure

1. Document Gathering:
   Firstly, we collect bank statements, donation registers, audited accounts, and meeting minutes. Next, we verify FCRA returns if foreign funds apply.
2. Audit Coordination:
   Then, we liaise with your auditor for statutory audit under Section 44AB or FCRA audit. Consequently, your accounts become audit-ready.
3. Filing ITR & Charity Filings:
   Afterwards, we prepare and file ITR-7 (for trusts) or ITR for Section 8 companies. Moreover, we file Form 10BB for 80G and Form 10A renewal under 12A.
4. Statutory Returns:
   Meanwhile, we file FCRA returns (Form FC-4) by 31 December if applicable. Furthermore, we update the Registrar of Societies or Charity Commissioner annually.
5. Meeting & Registers Update:
   Finally, we document annual general meeting minutes, trustee decisions, and update statutory registers. Thus, your corporate record stays current.

Timeline & Documents Required

Estimated Timeline

• Document collection: 3–5 days.
• Audit completion: 7–10 days.
• ITR & 10BB filing: by 30 November.
• FCRA return (if any): by 31 December.
• Societies/Charity filings: by 30 September.

Documents Required

• Audited financial statements (P&L, balance sheet).
• Bank account and donation receipts.
• Trust deed/society rules or MOA/AOA.
• Board/trustee meeting minutes.
• FCRA certificates and utilization certificates.

Consequences of Non-Compliance

• Therefore, late ITR fees under Section 234A can reach ₹10,000.
• Moreover, failure to file Form 10BB risks disallowance of 80G exemptions.
• In addition, FCRA non-filing invites de-registration and penalties up to ₹1 lakh.
• Consequently, your certificate under 12A/80G may be cancelled, affecting donor trust.

Why Choose Our Compliance Services

• Furthermore, our Dombivali CAs specialize in NGO and trust laws.
• Moreover, we coordinate audits, filings, and registrar returns seamlessly.
• Consequently, you avoid last-minute rush and notice from authorities.
• In addition, we offer transparent, fixed-fee service packages.

Client Testimonial

[testimonials view_id=”1″ category=”Mumbai” category=”NGO Compliance”]

Compliance FAQs

When is ITR-7 due?

Therefore, ITR-7 for trusts must be filed by 30 November every year.

Is FCRA audit mandatory?

Moreover, NGOs with foreign funds must conduct FCRA audit and file Form FC-4 by 31 December.

Can I skip Form 10BB?

In addition, skipping Form 10BB disqualifies you from 80G exemptions, affecting donations.

Who is the Best CA for Trust/NGO Annual Compliance in Dombivali, Mumbai?

Consequently, choose a CA with proven NGO compliance expertise, timely service, and local insights for best results.

Contact Us

Ready for hassle-free annual compliance? Book your Appointment Now.