TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2023 Simplifies Trust Registration by Removing Redundant Provisions u/s 12A of Income Tax Act.</h1> The Union Budget 2023-24 and Finance Bill, 2023 propose omitting redundant provisions related to the rollback of exemptions for trusts and institutions under section 12A of the Income Tax Act. The second, third, and fourth provisos to sub-section (2) of section 12A have become unnecessary following the 2020 amendments, which require trusts to apply for provisional registration before commencing activities. These changes aim to streamline the registration process and will be effective from April 1, 2023.
TaxTMI 
TaxTMI 