Registration validity under Section 12AB: standard five-year term, extended to ten years for lower-income trusts. Validity of registration under Section 12AB is a fixed tenure: ordinarily five years, but extended to ten years where the trust's total income before ... Summary
Registration validity under Section 12AB: standard five-year term, extended to ten years for lower-income trusts.
Validity of registration under Section 12AB is a fixed tenure: ordinarily five years, but extended to ten years where the trust's total income before exemption did not exceed the specified threshold in each of the two previous years preceding the year of application.
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