{"id":6282,"date":"2023-10-01T16:11:35","date_gmt":"2023-10-01T16:11:35","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=6282"},"modified":"2023-10-01T16:14:10","modified_gmt":"2023-10-01T16:14:10","slug":"trusts-ngos-required-to-maintenance-of-books-new-it-rule-17aa","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/trusts-ngos-required-to-maintenance-of-books-new-it-rule-17aa\/","title":{"rendered":"Trusts\/NGOs required to maintenance of Books: New IT Rule 17AA"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4437\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/NGO.jpg\" alt=\"NGO\" width=\"677\" height=\"323\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/NGO.jpg 325w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/NGO-300x143.jpg 300w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/><\/h2>\n<h2><span style=\"color: #000080;\">Trusts\/NGOs required to maintenance of Books u\/s 10(23C) or Section 12A : New IT Rule 17AA<\/span><\/h2>\n<p><span style=\"color: #000080;\">Central Board of Direct Taxes issue the Notification new Income Tax Rule 17AA, which prescribed Books of Account &amp; other information &amp; documents that must be maintained &amp; keep the records in the case of NGOs\/Trusts\/Universities\/Medical Institutions \/Educational\/Hospitals etc. covered U\/s 10(23C)\/12A in electronic\/ digital form \/ written for a duration of 10 years from the end of relevant AY. <\/span><\/p>\n<p><span style=\"color: #000080;\">{Income Tax Notification 94\/2022 dated 10\/08\/2022 on Income-tax (24th Amendment) Rules, 2022, in line with Income Tax amendments to Income Tax Section 12A or section 10 made vide Section 4(b)(iii)(a) or 6 of the\u00a0Finance Act 2022, with effect from 01\/04\/2023.}<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6284\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/NGO-..png\" alt=\"NGO . rule 17AA\" width=\"765\" height=\"390\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/NGO-..png 765w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/NGO-.-300x153.png 300w\" sizes=\"(max-width: 765px) 100vw, 765px\" \/><\/p>\n<p><span style=\"color: #000080;\">As per, New\u00a0Income Tax Rule 17AA\u00a0specified income Tax Form, Manner &amp; Place for maintenance of Books of Account &amp; other information &amp; documents that must be maintained &amp; keep the records in the case of NGOs\/Trusts. \u00a0The Books of accounts and other documents may require to maintained in written form, electronic form, digital form, as print-outs of data stored in electronic form or in digital form or any other form electromagnetic data storage device. Below mention books of accounts are needed to be keep as records by an NGO registered U\/s 12A \/ 10(23C):<\/span><\/p>\n<ul>\n<li><span style=\"color: #000080;\">Ledger\u00a0<\/span><\/li>\n<li><span style=\"color: #000080;\">Cash Book.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000080;\">Journal\u00a0 <\/span><\/li>\n<li><span style=\"color: #000080;\">Keep the bills &amp; receipts in (in Original) respect of payments.<\/span><\/li>\n<li><span style=\"color: #000080;\">Bills\/Counterfoils of\u00a0receipts issued by Income Tax Taxpayer.<\/span><\/li>\n<li><span style=\"color: #000080;\">Any other book that may needed to be maintained in order to give a true and fair view of financial Statement which explain the transactions effected.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Trusts\/NGOs required to maintenance of Books u\/s 10(23C) or Section 12A : New IT Rule 17AA Central Board of Direct Taxes issue the Notification new Income Tax Rule 17AA, which prescribed Books of Account &amp; other information &amp; documents that must be maintained &amp; keep the records in the case of NGOs\/Trusts\/Universities\/Medical Institutions \/Educational\/Hospitals etc. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[1030],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6282"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=6282"}],"version-history":[{"count":3,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6282\/revisions"}],"predecessor-version":[{"id":6286,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6282\/revisions\/6286"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=6282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=6282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=6282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}