¹[Form of report of audit prescribed under tenth proviso to section 10(23C).—

16CC. The report of audit of the accounts of a fund or institution or trust or any university or other educational institution or any hospital or other medical institution which is required to be furnished under clause (b) of the tenth proviso to clause (23C) of section 10 shall be in—

a. Form No. 10B where—

(I) the total income of such fund or institution or trust or university or other educational institution or hospital or other medical institution, without giving effect to the provisions of the sub-clauses (iv), (v), (vi) and (via) of the said clause, exceeds rupees five crores during the previous year; or

(II) such fund or institution or trust or university or other educational institution or hospital or other medical institution has received any foreign contribution during the previous year; or

(III) such fund or institution or trust or  university or other educational institution or hospital or other medical institution has applied any part of its income outside India during the previous year;  

b. Form No. 10BB in other cases.

Explanation.— For the purposes of sub-clause (II) of clause (a), the expression “foreign contribution” shall have the same meaning assigned to it in clause (h) of sub-section (1) of section 2 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010)]

 Notes:

1. Substituted by the Income-tax Amendment (3rd Amendment) Rules, 2023 dated 21.02.2023 w.e.f 01.04.2023.

Rule 16CC shall be substituted, Before it was read as-

"Form of report of audit prescribed under tenth proviso to section 10 (23C).

[16CC. The report of audit of the accounts of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution which is required to be furnished under the tenth proviso to clause (23C) of section 10 shall be in Form No. 10BB.]"