Registration conditions for trusts updated: commencement and exclusion criteria clarified; return-filing windows and select provisos removed. The amendment substitutes sub-clause (vi) to require registration where a trust's activities either have not commenced at least one month before the relevant previous year or have commenced but no income has been previously excluded under the exemption or charitable income provisions for any prior year ending on or before application; this substitution takes effect from the later effective date. It also amends the return-filing reference in clause (ba) so the recipient must file within the time allowed under either of two specified return-time sub-sections, and omits three provisos to sub-section (2); these changes take effect from the earlier effective date.
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Registration conditions for trusts updated: commencement and exclusion criteria clarified; return-filing windows and select provisos removed.
The amendment substitutes sub-clause (vi) to require registration where a trust's activities either have not commenced at least one month before the relevant previous year or have commenced but no income has been previously excluded under the exemption or charitable income provisions for any prior year ending on or before application; this substitution takes effect from the later effective date. It also amends the return-filing reference in clause (ba) so the recipient must file within the time allowed under either of two specified return-time sub-sections, and omits three provisos to sub-section (2); these changes take effect from the earlier effective date.
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