Proposed Amendment Streamlines Trust Registration Process with Direct Final Approval; Provisional Approval Required for Pre-Activity Trusts.

Proposed Amendment Streamlines Trust Registration Process with Direct Final Approval; Provisional Approval Required for Pre-Activity Trusts. https://www.taxtmi.com/highlights?id=68095 Registration of Trust - For removing difficulty in earlier provision of registration, it has been proposed to amend the provision of registration to allow for direct final registration/approval - in case registration 'before commencement of activities' shall make application for provisional approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be and in case 'activities already commenced' shall make application for regular approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be to PCIT/CIT. en-us Sat, 04 Feb 2023 11:14:53 +0530 Sat, 04 Feb 2023 13:37:27 +0530 TaxTMI RSS Generator Proposed Amendment Streamlines Trust Registration Process with Direct Final Approval; Provisional Approval Required for Pre-Activity Trusts. https://www.taxtmi.com/highlights?id=68095 Registration of Trust - For removing difficulty in earlier provision of registration, it has been proposed to amend the provision of registration to allow for direct final registration/approval - in case registration 'before commencement of activities' shall make application for provisional approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be and in case 'activities already commenced' shall make application for regular approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be to PCIT/CIT. Highlights Income Tax Sat, 04 Feb 2023 11:14:53 +0530 https://www.taxtmi.com/highlights?id=68095