TaxTMI 
TaxTMI 
TaxTMI 
We have applied for renewal under sec 12A during oct 2020 (before the extension was made uptill march 2021 and introduction of the new scheme wef june 2021) and got the provisional renewal no in april 2021 but it says the registration is under sec 12A(1)(ac)(vi) .Now sec 12AB says all the registrants under sec 12A need to apply afresh so does it means that even if one gets provisionally registered (though it was an existing 12A institution under old scheme) under sec 12A it has to apply afresh??
new process of registration under 12AB
rahul saxena
Fresh application requirement: provisional renewal under prior 12A does not avoid re application under the 12AB registration scheme. The respondent advises that registrants who received provisional renewal under the prior 12A framework must submit a fresh application under the new 12AB registration process, because provisional renewals under 12A do not exempt entities from the transitional obligation to apply under the updated scheme. (AI Summary)
