Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962- comments and suggestions

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....Rule 17A and Form 10A of the Income-tax Rules, 1962- comments and suggestions-reg. Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A the Income-tax Act, 1961 ('the Act') w.e.f 01.04.2018 to the effect that where a trust or an institution, which has been granted registration under sections 12A or 12AA of the Act has subsequently adopted or undertaken ....

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.... the Act are laid down under Rule 17A of the Income-tax Rules, 1962 ('the Rules'). As per the rules, the application, for registration of charitable or religious trusts under section 12A of the Act, is to be made in Form 10A. 3. Accordingly, subsequent to the aforesaid amendment to the Act, Rule 17A and Form 10A are proposed to be amended. In this regard, a draft notification has been pre....

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....certified copy of the document evidencing the creation of the trust, or establishment of the institution; (c) self-certified copy of registration with Registrar of Companies or Registrar of Firms and Societies or Registrar of Public Trusts, as the case may be; (d) self-certified copy of the documents evidencing adoption or modification of the objects, if any; (e) where the trust or instituti....

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....ure, if the return of income is furnished under digital signature; (ii) through electronic verification code in a case not covered under sub-clause (i). (3) Form No. 10A referred to in sub-rule (1), shall be verified by the person who is authorised to verify the return of income under section 140 of the Act, as applicable to the assessee. (4) The Principal Director General of Income-tax (Sys....