CBDT clarification regarding Form No. 10B & Form No. 10BB

Central Board of Direct Taxes vide circular dated 09 October, 2023 has clarified that the Audit report in the case of a fund or trust or institution or any university or other educational institution furnished in Form No. 10B & Form No. 10BB shall contain following details:

  1. Details of persons making substantial contribution.
  2. Details of relatives of such person.
  3. Details of concerns in which such person has substantial interest