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of <h1>Amendments to Section 12A: Trusts Must Reapply if Objectives Change, File Returns Timely Under Section 139(4A).</h1> Section 12A of the Income-tax Act has been amended effective April 1, 2018. A new clause (ab) requires that if a trust or institution, previously registered under section 12AA or section 12A, modifies its objectives in a way that does not align with registration conditions, it must apply for registration within thirty days of such changes. Additionally, clause (ba) mandates that the income recipient must file the income return for the previous year as per section 139(4A) within the allowed timeframe. These amendments aim to ensure compliance with registration and filing requirements for trusts and institutions.
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