Delay in filing trust registration can be condoned if reasonable cause exists. Effective Oct 1, 2024. Prevents permanent exit from exemption.

Delay in filing trust registration can be condoned if reasonable cause exists. Effective Oct 1, 2024. Prevents permanent exit from exemption. https://www.taxtmi.com/highlights?id=80059 Provision for condonation of delay in filing application for registration by trusts or institutions u/s 12AB, enabling the Principal Commissioner/Commissioner to condone the delay if reasonable cause exists. Applicable from October 1, 2024. Aims to prevent permanent exit from exemption regime due to delayed filing. en-us Fri, 02 Aug 2024 15:14:13 +0530 Fri, 02 Aug 2024 15:14:13 +0530 TaxTMI RSS Generator Delay in filing trust registration can be condoned if reasonable cause exists. Effective Oct 1, 2024. Prevents permanent exit from exemption. https://www.taxtmi.com/highlights?id=80059 Provision for condonation of delay in filing application for registration by trusts or institutions u/s 12AB, enabling the Principal Commissioner/Commissioner to condone the delay if reasonable cause exists. Applicable from October 1, 2024. Aims to prevent permanent exit from exemption regime due to delayed filing. Highlights Bill Fri, 02 Aug 2024 15:14:13 +0530 https://www.taxtmi.com/highlights?id=80059