https://www.taxtmi.com/manuals?id=1229 A trust or institution registered under section 12AA or 12AB and in force for a previous year cannot claim exemptions under section 10 except for agricultural income and specified clauses such as 10(23C), 10(23EA)/10(23EC)/10(23ED), 10(46) and 10(46A). Registration under section 11 becomes inoperative when approval or notification under those specified section 10 clauses takes effect. Such a trust may apply to make registration under section 12AA/12AB operative, but doing so terminates any prior approval or notification under the listed section 10 clauses, requiring an exclusive choice of regime. en-us Mon, 28 Sep 2015 10:41:00 +0530 Mon, 02 Sep 2024 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1229 A trust or institution registered under section 12AA or 12AB and in force for a previous year cannot claim exemptions under section 10 except for agricultural income and specified clauses such as 10(23C), 10(23EA)/10(23EC)/10(23ED), 10(46) and 10(46A). Registration under section 11 becomes inoperative when approval or notification under those specified section 10 clauses takes effect. Such a trust may apply to make registration under section 12AA/12AB operative, but doing so terminates any prior approval or notification under the listed section 10 clauses, requiring an exclusive choice of regime. Manuals Income Tax Mon, 28 Sep 2015 10:41:00 +0530 https://www.taxtmi.com/manuals?id=1229