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Section 12A

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Exemption claimed under wrong section cannot be denied

Income Tax : Learn why exemptions claimed under the wrong section in Income Tax Returns can be rectified under Section 154. Explore legal prece...

April 8, 2024 1434 Views 0 comment Print

Dark Side of Provisional Registration U/s 12A and 80G of Income Tax Act, 1961

Income Tax : Discover the challenges faced by NGOs with provisional registration under Sections 12A and 80G of the Income Tax Act, 1961. Explor...

April 8, 2024 2079 Views 0 comment Print

Understanding Section 43B(h) | Impact on MSME Payments

Income Tax : Understand the impact of Section 43B(h) on businesses: Learn about deductions for MSME payments and the importance of timely payme...

April 2, 2024 10908 Views 3 comments Print

Issues of section 12AB Registration to General Public Utility Organisation

Income Tax : Explore the intricacies of Section 12AB registration for General Public Utility (GPU) organizations under the Income Tax Act. Lear...

March 23, 2024 957 Views 0 comment Print

Time to erase Pre-Litigation Mediation?

Corporate Law : Is it time to reconsider pre-litigation mediation? Explore the implications of Section 12A of the Commercial Courts Act, 2015, and...

March 20, 2024 573 Views 0 comment Print

Latest News

Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

Income Tax : Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on ...

April 29, 2024 1296 Views 0 comment Print

Representation on Incorrect/Delay In Submitting Application U/S 12A(1)(ac)

CA, CS, CMA : Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of t...

April 8, 2024 9249 Views 1 comment Print

Request to relax confusion created in new registration regime for charitable organizations

Income Tax : Karnataka State Chartered Accountants Association made a representation on 31.10.2022 to Minister of Finance Smt. Nirmala Sitharam...

November 3, 2022 6972 Views 1 comment Print

Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961

Income Tax : Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961 provides guidance on audit of Public...

September 22, 2022 3696 Views 0 comment Print

CAG report on Income Tax Exemptions to Charitable Trusts & Institutions

Income Tax : CAG noticed ineffective monitoring of accumulation of income and its utilization, ineffective monitoring of receipts and utilizati...

August 9, 2022 1419 Views 0 comment Print

Latest Judiciary

Bombay HC Directs JCIT to Supply Section 12A Exemption Certificate

Income Tax : Bombay High Court grants petition, orders JCIT to provide copy of exemption certificate under Section 12A of Income Tax Act to Sai...

May 10, 2024 1185 Views 0 comment Print

ITAT allows rectification of mistake of applying registration in Form 10AB instead of Form 10A

Income Tax : Explore the Mandava Foundation vs. ITO case, where the Hyderabad ITAT condones an assessee's mistake in registration, allowing the...

May 6, 2024 648 Views 0 comment Print

CIT(E) should examine entire trust deed in totality vis-à-vis charitable activities: ITAT Pune

Income Tax : The tribunal emphasized that the CIT(E) should have evaluated the entire trust deed in conjunction with the actual charitable acti...

May 6, 2024 273 Views 0 comment Print

Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC

Income Tax : Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers...

April 28, 2024 9189 Views 0 comment Print

Time limit extension benefit available even for filing of Form No.10AB: ITAT Chennai

Income Tax : ITAT Chennai held that rejection of application in Form No. 10AB for seeking approval u/s. 80G(5)(iii) of the Income Tax Act by tr...

April 17, 2024 4473 Views 0 comment Print

Latest Notifications

CBDT amends rules pertaining to registration, approval & activities of Institutions, trusts & funds

Income Tax : The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompas...

June 23, 2023 8139 Views 1 comment Print

CBDT extends last date for filing of Form No.10AB

Income Tax : CBDT extends the last date for filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or 80G of th...

March 31, 2022 13830 Views 0 comment Print

CBDT notifies New Income Tax Rules & Forms for Trust & NPOs

Income Tax : CBDT issues Notification no. 19/2021 dated 26/03/2021 pertaining to procedure for registration of fund/ trust/charitable instituti...

March 26, 2021 126342 Views 1 comment Print

Time allowed for filing of return of income by Trust claiming exemption

Income Tax : Thus, for a trust registered u/s 12AA of the Act to avail the benefit of exemption u/s 11 shall inter-alia file its return of inco...

April 23, 2019 29190 Views 3 comments Print

Section 80G Registration– Latest Process & Compliances

March 31, 2021 113694 Views 14 comments Print

Registration U/s – 80G of Income Tax Act, 1961 – Latest Process & Compliances Dear friends, as we all know, NGOs are integral part of our society. There are many NGO in India which are working for the social welfare of society. During lockdown period they have played a very important role in serving the […]

Charity Re-registration & Certain Compliances post 1 April 2021

March 30, 2021 6813 Views 0 comment Print

1.0 Charity registration granting donation deduction u/s 80G of the Income Tax Act (‘IT Act’) to the donors (Rule 11AA of the Income Tax Rules, 1962 (‘IT Rules’): 1.1 Requirement for approval of institution or fund under section 80G(5)(vi) of the IT Act i.e. for granting donation deduction u/s 80G of the IT Act to […]

CBDT notifies New Income Tax Rules & Forms for Trust & NPOs

March 26, 2021 126342 Views 1 comment Print

CBDT issues Notification no. 19/2021 dated 26/03/2021 pertaining to procedure for registration of fund/ trust/charitable institutions etc. All institutions, funds etc covered under clause (i) and (iv) of first proviso to section 10(23C), fifth proviso to section 35(1), clause (i) and (iv) of first proviso to section 80G(5) and sub-clause (i) and (vi) of section […]

ITAT allows Tata Trust to Surrender 12A Registration wef 20.03.2015

March 25, 2021 1839 Views 0 comment Print

Navajbai Ratan Tata Trust Vs PCIT (ITAT Mumbai) Mumbai ITAT UNIQUE ORDER  on one  tata trust case where assessee opted out of benefit of sec 12AA to apparently save itself from onerous tax exposure with sec 12AA on its head so in these circumstances it is held that 42. The question then arises as to […]

Voluntary Section 12A registration cancellation application- ITAT explains date of applicability

March 24, 2021 7992 Views 0 comment Print

R. D Tata Trust Vs PCIT (ITAT Mumbai) We are of the considered view that the impugned order of cancellation of registration granted to the assessee under section 12A must be held to be effective from the date on which the hearing on first show-cause notice was concluded and the show cause notice issued by […]

Cancellation of section 12A Registration Not Mandatory under Circular No. 21/2016

March 12, 2021 1764 Views 0 comment Print

Visakhapatnam Port Trust Vs CIT (ITAT Visakhapatnam) In the instant case, the registration was already granted by the Ld.CIT vide order dated 20.03.2008 w.e.f. 01.04.2002. There is no dispute with regard to genuineness of the activities and there is no finding of the Ld.CIT with regard to not carrying on the activities as per the […]

Society Registration – Compliances and Fund-Raising Options

March 5, 2021 5343 Views 2 comments Print

When group of peoples wants to serve society and to do social welfare activities, then they need an organisation which has a separate legal entity to represent them all as a community. These organisations can be in the form of Trust/Society/AOP/ Section 8 company. As observed by us, many people incorporate these legal entities but […]

Budget eliminate possibility of double deduction to Charitable Trust & Institutions

February 4, 2021 1947 Views 0 comment Print

Budget 2021 – Rationalisation of the provision of Charitable Trust and Institutions to eliminate possibility of double deduction while calculating application or accumulation Exemption to funds, institutions, trusts etc. carrying out religious or charitable activities is provided under clause (23C) of section 10 of the Act and sections 11 and 12 of the Act. Section […]

Trust engaged in ‘object of general public utility’ eligible for Section 12A Registration

February 3, 2021 1608 Views 0 comment Print

High Court held that even if the assessee is engaged in the category of activity of ‘object of general public utility’, they are entitled for registration under Section 12A. Therefore, we are of the considered view that the assessee can claim registration under Section 12A by categorising the activity of the assessee as ‘object of general public utility’.

Registration of Trust cannot be cancelled for non-filing of I.T. return due to misdeeds of ex-president

January 6, 2021 2088 Views 0 comment Print

Wholesale Cloth Merchant Association Vs PCIT (ITAT Jaipur) ITAT observed that due to the negligence or cheating of past executive members and bad intention of misappropriation of funds by ex-president, they had not maintained the books of accounts and get their accounts audited by a chartered accountant. But after change of management and involvement of […]

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May 2024