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of <h1>New Clause in Section 12A: Trusts Must Register for Expiring/Inoperative Status or Objective Changes; Submission Timing Revised.</h1> Section 12A of the Income-tax Act has been amended to include a new clause effective from June 1, 2020. Trusts or institutions must apply for registration with the Principal Commissioner or Commissioner in specific circumstances, such as when existing registrations are due to expire or have become inoperative, or when modifications to the trust's objectives occur. Additionally, changes in terminology regarding the timing for income return submissions have been made. The amendments also clarify the application of sections 11 and 12 for trusts based on their registration status under sections 12AA and 12AB.
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