The CBDT has issued a directive dated 14th December 2018 requiring the registration process of charitable trusts / institutions to be audited by Internal Audit Party. A detailed ‘Procedure of Internal Audit of the Process of Registration of Charitable Trusts’has also been prescribed by the CBDT.
F. No. 240/8/201—A &PAC — I I
Dated 14/12/2018
Partial Modification of the Instruction No. 6 of 2017
It has been recommended by the Hon’ble Public Accounts Committee that the process of the Registration Process of Charitable Trusts / Institutions should be brought under the purview of internal audit. The Additional Director General (Audit &Inspection) in consultation with the Chief Commissioner of the Income Tax (Exemptions) has recommended a system in place for this purpose. Consequently, following para (numbered as 5.12) is being inserted immediately after para 5.11 of the Instruction No. 6 of 2017:
“5.12 The registration process of charitable trusts / institutions will be audited by Internal Audit Party as per ‘Procedure of Internal Audit of the Process of Registration of Charitable Trusts / Institutions of Commissioner of Income Tax (Exemptions)’given in Annexure D.”
2. This issues with approval of the Chairman (CBDT).
(Sunita Verma)
Director A &PAC Division,
CBDT,
New Delhi
Government of India
Ministry of Finance,
Department of Revenue,
Central Board of Direct Taxes,
Audit and Public Accounts Committee Division
F. No. 240/8/201—A &PAC — I I
Dated 14/12/2018
Partial Modification of the Instruction No. 6 of 2017
It has been recommended by the Hon’ble Public Accounts Committee that the process of the Registration Process of Charitable Trusts / Institutions should be brought under the purview of internal audit. The Additional Director General (Audit &Inspection) in consultation with the Chief Commissioner of the Income Tax (Exemptions) has recommended a system in place for this purpose. Consequently, following para (numbered as 5.12) is being inserted immediately after para 5.11 of the Instruction No. 6 of 2017:
“5.12 The registration process of charitable trusts / institutions will be audited by Internal Audit Party as per ‘Procedure of Internal Audit of the Process of Registration of Charitable Trusts / Institutions of Commissioner of Income Tax (Exemptions)’given in Annexure D.”
2. This issues with approval of the Chairman (CBDT).
(Sunita Verma)
Director A &PAC Division,
CBDT,
New Delhi
Refer:itatonline.org
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