Hi Prasanthi, Itseems the rules change regularly, Vishawanath has more idea about that. And as per his idea, itseems the requirements and process to be followed for society / trust is about 75 % same. And the main difference is audit, which he says is if there is any question raised regarding the inflows even when we are a society we will have to show the transaction details throughout. And if we have audit since its done yearly, that would not be an headache.
On a second opinion we can see if any of us know any other CA and take their opinion as well. Regards Chaitanya
