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of <h1>Amendments to Section 12AA: Registration of Trusts Can Be Canceled for Non-Compliance with Laws Effective September 2019.</h1> Section 12AA of the Income-tax Act outlines the process for granting and canceling registration of trusts or institutions to avail income tax exemptions. The section allows cancellation if the Principal Commissioner or Commissioner finds the entity's activities non-genuine or not aligned with its objectives, or if its income ceases to be exempt. Proposed amendments require the authorities to ensure compliance with relevant laws when granting registration. If a trust or institution violates such laws, and the violation is undisputed or final, the registration may be canceled after a hearing. These changes take effect from September 1, 2019.
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