This issue of Standards & Norms examines the legal requirements under the Income Tax Act, 1961, relating to the maintenance of books of account and other records by charitable trusts and institutions. It analyses the implications of the amendments introduced by the Finance Act, 2022 along with the detailed framework prescribed under Rule 17AA of Income Tax Rules, 1962, and highlights key practical considerations for compliance. Key elements of the issue: - Understanding the statutory requirement for maintaining books of account under Sections 12A, 80G and 10(23C). - Detailed list of books, documents and records prescribed under Rule 17AA. - Maintenance of records with regard to donations received and given, application of income, investments, incidental business activities and specified persons. - Practical aspects such as manner, place and period of maintaining books and records. Note – The Income Tax Act, 2025 has been enacted and has come into effect from 01 April 2026. However, this issue is based on the provisions of the Income-tax Act, 1961, which continue to govern the maintenance of books of account and related reporting requirements as for the Financial Year 2025–26. Readers are advised to refer to the applicable law for the relevant financial year while interpreting compliance requirements.