- More
- Back
Tax Alert | CBDT grants extension to charitable trusts to file registration application in Form 10A/10AB upto 30th June 2024 April 30, 2024
Published in: Alerts
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage of any kind arising on account of anyone acting/ refraining to act by placing reliance upon the information contained in this publication.
Section 12AB was inserted by the Finance Act 2020, prescribing a new procedure of obtaining fresh registration by all existing and new charitable trusts/ institutions under section 12A of the Income Tax Act, 1961 (‘the Act’), effective from 1st June 2020, which was later deferred to 1st October 2020. The section replaced the erstwhile registration process, which granted perpetual approvals to charitable trusts and institutions. Similar amendments were made in the registration process of entities under section 10(23C)/80G of the Act. The implementation of the revised procedure was postponed to 1st April 2021, vide The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (‘TOLA’).
To read in details about the provisions relating to new registration process, please click on the DOWNLOAD NEWSLETTER below.
DOWNLOAD PDF FILE
