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of <h1>Finance Bill 2017: Trusts Must Reapply for Registration Within 30 Days of Objective Changes Per Section 12A Amendment.</h1> The Finance Bill, 2017 proposes an amendment to section 12A of the Income-tax Act, introducing a new clause (ab) in sub-section (1). This amendment mandates that if a trust or institution, previously registered under section 12AA or section 12A, modifies its objectives in a way that no longer aligns with its registration conditions, it must apply for fresh registration within 30 days of such changes. This requirement is effective from April 1, 2018, and applies to the assessment year 2018-2019 and subsequent years, ensuring compliance with sections 11 and 12 for tax exemptions.
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