Time limit for renewal of registration under section 12A/AA and 80G

[SANTOSH GARUD]

What is time limit for renewal of registration under section 12A/AA and 80G as per provision of Finance Act 2020

[RAHUL AGRAHARI]

The registration shall remain valid for 5 years. This new compliance is about to begin from June 1, 2020.

AI Summary

Time-limited registration validity requires periodic renewal, effective from June 2020 under Finance Act reforms for charities. Under the Finance Act 2020 amendments, charitable tax registrations have a fixed validity of five years and must be renewed periodically; the renewal compliance regime commenced on June 1, 2020, creating an ongoing obligation for registered entities to apply for renewal to retain their exemption status.