Audit, accounts and annual compliance for non-profits
Non-profits answer to several regulators at once and to their donors. Missing a filing can cost an organisation its tax exemption or its ability to receive foreign or CSR funds. We maintain fund-wise accounts, audit the organisation and file every annual return, so the board and funders can rely on the numbers.
What this covers
- Fund-wise and project-wise accounting for grants and CSR funds
- Statutory audit of trusts, societies and Section 8 companies
- Filings with the Charity Commissioner, including audited accounts and change reports
- Income tax audit report, ITR-7 and accumulation of income where needed
- Statement of donations and donor certificates
- ROC annual filings for Section 8 companies
- Utilisation certificates and donor and CSR fund reports
- GST and TDS review for non-profits
The Income-tax Act, 2025 applies to income from 1 April 2026. Returns, audits and assessments for earlier years continue under the Income-tax Act, 1961, so section and form references depend on the year involved.
How the work is done
- Review the funding sources and the compliance calendar
- Set up or correct fund-wise accounting
- Audit the accounts and prepare reports for each regulator
- File returns and share donor and board reports
Documents usually needed
- Books of account and bank statements
- Grant agreements and CSR MoUs
- Donation receipts and donor details
- Minutes of trustee or board meetings
Frequently asked questions
What returns does a charitable trust file each year?
Typically the audited accounts with the Charity Commissioner, the income tax audit report and return, the statement of donations, and FCRA returns if it receives foreign contribution.
Why does fund-wise accounting matter?
Donors and CSR funders expect to see how each grant was used. Separate tracking also supports utilisation certificates and FCRA compliance.
Does a small NGO need an audit?
Income tax and state trust laws require an audit above prescribed limits, and most funders ask for audited accounts regardless of size.