Trusts Must Apply for Provisional Registration Before Starting Activities u/s 12A(1) of the Income Tax Act.

Trusts Must Apply for Provisional Registration Before Starting Activities u/s 12A(1) of the Income Tax Act. https://www.taxtmi.com/highlights?id=68096 Omission of redundant provisions related to roll back of exemption - Now the trusts and institutions under the second regime (i.e. u/s 12A(1)) are required to apply for provisional registration before the commencement of their activities and therefore there is no need of roll back provisions provided in second and third proviso to sub-section (2) of section 12A of the Act. en-us Sat, 04 Feb 2023 11:45:50 +0530 Sat, 04 Feb 2023 13:37:33 +0530 TaxTMI RSS Generator Trusts Must Apply for Provisional Registration Before Starting Activities u/s 12A(1) of the Income Tax Act. https://www.taxtmi.com/highlights?id=68096 Omission of redundant provisions related to roll back of exemption - Now the trusts and institutions under the second regime (i.e. u/s 12A(1)) are required to apply for provisional registration before the commencement of their activities and therefore there is no need of roll back provisions provided in second and third proviso to sub-section (2) of section 12A of the Act. Highlights Income Tax Sat, 04 Feb 2023 11:45:50 +0530 https://www.taxtmi.com/highlights?id=68096