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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 1581 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 2205 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 11046 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 1035 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 588 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Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)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 1437 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 9384 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 6984 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 3705 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 1425 Views 0 comment Print


Latest Judiciary


ITAT allows filing of Form No. 10AB despite exclusion from timeline extension Circular

Income Tax : Learn how ITAT Chennai extended the timeline for filing Form 10AB for recognition under section 12A of the Income Tax Act up to 30...

May 24, 2024 513 Views 0 comment Print

ITAT Upholds Cancellation of Registration for Trust Building Leasing Income

Income Tax : ITAT Pune upheld the cancellation of Golden Charitable Trust's registration, citing commercial activity from leasing property. Rea...

May 23, 2024 1689 Views 0 comment Print

Section 11 Exemption can’t Be denied for Meager Profit from Public Utility Services

Income Tax : ITAT Kolkata rules in favor of Institute of Indian Foundrymen, directing AO to allow tax exemption under Section 11 of the Income ...

May 22, 2024 201 Views 0 comment Print

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 1206 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 765 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 8313 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 13857 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 126627 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 29310 Views 3 comments Print


Issues of section 12AB Registration to General Public Utility Organisation

March 23, 2024 1035 Views 0 comment Print

Explore the intricacies of Section 12AB registration for General Public Utility (GPU) organizations under the Income Tax Act. Learn about application procedures, conditions, and potential concerns.

Time to erase Pre-Litigation Mediation?

March 20, 2024 588 Views 0 comment Print

Is it time to reconsider pre-litigation mediation? Explore the implications of Section 12A of the Commercial Courts Act, 2015, and why it may be adding hurdles to the litigation process.

Even if Form 10B is filed at a later stage, Section 11 exemption cannot be denied

March 20, 2024 666 Views 0 comment Print

Anjana Foundation Vadodara vs A.O.: Ahmedabad ITAT clarifies that advance filing of Form 10B isn’t mandatory for claiming exemption under Sections 11 & 12.

Section 11 exemption can’t be denied merely for Journal Sale & Subscription Income

March 19, 2024 243 Views 0 comment Print

Mumbai ITAT rules income from sale and subscription of journals not basis to deny exemption u/s 11 if not main objects of trust in ITO vs Satvichar Darshan case. Detailed analysis provided.

Section 80G Registration Application cannot be rejected for inadvertent error

March 18, 2024 1641 Views 0 comment Print

Explore the Kolkata ITAT’s verdict on the rejection of Sarda Mission Sevasram Viveknagar’s application for 80G approval due to a wrong clause mention, highlighting rectifiability.

Eligibility and process of Registration of section 8 company

March 18, 2024 1767 Views 1 comment Print

Learn the eligibility criteria, registration process, and advantages of forming a Section 8 company. Understand the documentation required and steps involved in setting up this non-profit organization.

ITAT directs CIT(E) to treat application in Form No. 10AB  as filed under clause 12A(1)(ac)(i)

March 18, 2024 378 Views 0 comment Print

Delve into the Kolkata ITAT’s ruling regarding Form No. 10AB applications under section 12A(1)(ac)(i) for registration, analyzing its impact on Santiniketan Sishutirtha vs CIT (Exemptions).

Section 11 exemption cannot be denied for delay in Audit Report (Form 12B) submission

March 15, 2024 456 Views 0 comment Print

Learn about the ITAT Ahmedabad ruling in Karma Falya Trust vs. DCIT case, granting exemption under Section 11 of the Income Tax Act for delay in filing the audit report.

Delhi HC Cancels GST Registration with effect from the date of Show Cause Notice

March 9, 2024 648 Views 0 comment Print

Read about the Delhi High Court’s ruling in Amar Enterprises vs. Commissioner of Delhi Goods and Services Tax, quashing the retrospective cancellation of GST registration.

NCLT Must Allow SRA Opportunity Before Directing CoC on Management’s Settlement Proposal: NCLAT

March 9, 2024 312 Views 0 comment Print

Read how NCLAT Delhi ruled that NCLT cannot direct Committee of Creditors without giving an opportunity to Successful Resolution Applicant (SRA) in the case of One City Infrastructure Pvt. Ltd. Vs Pratham Expofab Private Limited.

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