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The accounts of the Trust should be audited where the income (including corpus donations) exceeds...

The accounts of the Trust should be audited where the income (including corpus donations) exceeds ______________. One of the essential condition for obtaining exemption of the income of a Charitable Trust is that at least _______ of the income should be applied to charitable purposes in India.

A.

Rs.1,50,000; 85%

B.

Rs 50,000; 85%

C.

Rs. 50,000; 75%

D.

Rs.1,50,000; 85%

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