TaxTMI 
TaxTMI 
Requirement for obtaining registration u/s 12AB w.e.f. 1st April 2021
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....i) ] Existing Trusts already registered u/s 12A/12AA before 1.4.2021. Application in new Form 10A PCIT/CIT, on receipt of an application made, shall pass an order in writing registering the trust or institution for a period of 5 years 3 Months from the date on which this amendment come into force. [The Board stating that Form No.10A in some of such cases could not be filed by 31.03.2022. It has been requested that the delay in filing of Form No.10A in such cases may be condoned. vide Circular 22/2022 dated 01.11.2022 ] Before expiry of the period of 3 months calculated from the end of the month in which the application was received. (Without inquiries) From the AY for which trust ea....
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....Whichever is earlier. [ Extension of time line for electronic filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or 80G vide Circular 08/2022 dated 31.03.2022 ] 6 Months from the end of month in which application was received. (With inquiries) From the first of the AY's for which it was provisionally registered. [Sub-clause (iv) ] Application for grant of registration has become inoperative due to section 11(7) Application in Form 10AB PCIT/CIT, on receipt of an application made, a) shall pass an order in writing registering the trust or institution for a period of 5 years b) If not satisfied, pass an order - in rejecting such application and - also cancelling its registration ....
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....month calculated from the end of the month in which the application was received. (Without inquiries) From the AY relevant to the FY in which application is made. [sub-clause (vi)(B) ] In any other case (applicable from 01.10.2023), where activities of the trust or institution have commenced and no income or part thereof of the said trust or institution has been excluded from the total income on account of applicability of u/s 10(23C) (vi)/(v)/(vi)/ (via), or section 11 or section 12, for any previous year ending on or before the date of such application. PCIT/CIT, on receipt of an application made, a) shall pass an order in writing registering the trust or institution for a period of 5 years b) If not satisfied, pass....
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...., Inserted vide Section 7 of the Finance Act, 2025] * The application shall be accompanied by the specified documents under rules as required by Form Nos.10A or 10AB. * Mode of Furnishing - Form Nos. 10A or 10AB, as the case may be, shall be furnished electronically, (i) under digital signature, if the return of income is required to be furnished under digital signature; (ii) through electronic verification code in a case not covered under clause (i). * Authorised Person - Form Nos. 10A or 10AB, shall be verified by the person who is authorised to verify the return of income under section 140, as applicable to the applicant. * Application Granted - On receipt of an application in Form No. 10A, the P....