Section 12AA Registration: Assets Transferred to Non-Charitable Entities Taxed, Not Grounds to Deny Registration.

Section 12AA Registration: Assets Transferred to Non-Charitable Entities Taxed, Not Grounds to Deny Registration. https://www.taxtmi.com/highlights?id=38068 Registration u/s 12AA - proof of charitable activities - scope of primary objects - In case the assets are being parted with either individual entity or institution, who are not having charitable objects or registration u/s 12A, then under the scheme of the Act it will first suffer tax, only thereafter, it will vest in such individual or entity. This is not a valid reason for rejecting registration - AT en-us Thu, 22 Feb 2018 06:36:35 +0530 Thu, 22 Feb 2018 06:36:35 +0530 TaxTMI RSS Generator Section 12AA Registration: Assets Transferred to Non-Charitable Entities Taxed, Not Grounds to Deny Registration. https://www.taxtmi.com/highlights?id=38068 Registration u/s 12AA - proof of charitable activities - scope of primary objects - In case the assets are being parted with either individual entity or institution, who are not having charitable objects or registration u/s 12A, then under the scheme of the Act it will first suffer tax, only thereafter, it will vest in such individual or entity. This is not a valid reason for rejecting registration - AT Highlights Income Tax Thu, 22 Feb 2018 06:36:35 +0530 https://www.taxtmi.com/highlights?id=38068