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Section 12AB

Latest Articles


Renting of commercial property – A crazy puzzle under GST!!

Goods and Services Tax : The 54th GST Council recommends RCM for renting of commercial property by unregistered persons to registered entities, raising var...

September 29, 2024 21795 Views 0 comment Print

Section 12,12A, 12AA, 12AB: Analysis, Registration Procedure, Exemption & FAQs

Income Tax : Understand the income of trusts or institutions, including registration, exemptions, and FAQs. Learn about Sections 12A, 12AA, and...

June 7, 2024 10641 Views 0 comment 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 1782 Views 0 comment Print

Tax Planning Through Gift

Income Tax : Explore the nuances of Gift Tax under the Income Tax Act, exemptions, and its impact on recipients. Learn about tax planning throu...

February 2, 2024 2847 Views 0 comment Print

Assessment of Charitable and Religious Trusts and Institutions

Income Tax : Analyzing the complexities of non-profit sectors globally, this guide on Assessment of Charitable and Religious Trusts and Institu...

February 2, 2024 10071 Views 0 comment Print


Latest News


Timelines for Trusts & Funds Seeking Tax Exemption & Approval: Section 12AB & 80G

Income Tax : Learn about the updated timelines for processing applications by trusts, funds, and institutions seeking tax exemption under secti...

July 24, 2024 573 Views 0 comment Print

Budget 2024: Condonation of Delay for Trusts & Institutions’ Registration Applications

Income Tax : Understand amendments to trust registration timelines under Income-tax Act section 12A. Learn how delays can be condoned by the Co...

July 23, 2024 423 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 9969 Views 1 comment Print

Ambiguity of Trust provisions under Income Tax Act: CAAS Surat Raises Concerns

CA, CS, CMA : Explore the ambiguity of Trust provisions under the Income Tax Act highlighted by Chartered Accountants Association Surat (CAAS). ...

January 6, 2024 9408 Views 0 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 7158 Views 1 comment Print


Latest Judiciary


Section 13(1)(b) applies at assessment stage; Section 12AB registration allowed

Income Tax : ITAT Ahmedabad allows registration under section 12AB, clarifying that section 13(1)(b) applies only at the assessment stage....

October 29, 2024 3300 Views 0 comment Print

ITAT allows Appeal Withdrawal as Fresh Section 12AB Registration Application Filed  

Income Tax : ITAT Ahmedabad dismisses Yug Nirman Gayatri Parivar Trust's appeal for 12A registration after withdrawal due to fresh application ...

October 27, 2024 135 Views 0 comment Print

Applicability of section 13 during registration stage u/s. 12A unjustified: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that the applicability of Section 13 of the Income Tax Act should only be examined during assessment and not a...

October 15, 2024 213 Views 0 comment Print

Misdelivered Notice: Bombay HC Overturns Trust Registration Cancellation

Income Tax : Bombay HC quashes trust registration cancellation for Little Sisters of the Poor Sawantwadi due to misdelivery of notice to incorr...

October 6, 2024 177 Views 0 comment Print

Filing of Form 10B only directory and not mandatory: ITAT Bangalore

Income Tax : ITAT Bangalore held that filing of form 10B is only directory and the same is not mandatory. Hence denial of exemption under secti...

September 20, 2024 861 Views 0 comment Print


Latest Notifications


CBDT Extends Deadline for Trusts to Submit Audit Reports in Form 10B/10BB

Income Tax : CBDT extends deadline for trusts and institutions to submit audit reports in Form 10B/10BB until November 10, 2024....

October 7, 2024 11412 Views 0 comment Print

Clarification regarding Form No 10AC issued till the date of this Circular

Income Tax : PCIT or CIT can examine if there is any specified violation by the trust or institution registered or provisionally registered und...

June 3, 2022 16782 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 128040 Views 1 comment Print


Reference to PCIT/CIT for cancellation of registration/approval to trusts or institutions

February 2, 2022 2631 Views 0 comment Print

Reference to the Principal Commissioner or Commissioner (PCIT/CIT) for the cancellation of registration/approval to trusts or institutions: a) The following issues related to the process of approval or registration, or cancellation or withdrawal thereof, have been noticed, namely:- i) Registration or approval of non-genuine trusts or institution under automated approval system: First and second provisos […]

Books of account to be maintained by the trusts or institutions

February 2, 2022 30414 Views 0 comment Print

Where the total income of any trust or institution under the second regime, as computed under this Act without giving effect to the provisions of section 11 and section 12 of the Act, exceeds the maximum amount which is not chargeable to income-tax in any previous year, it is required to get its accounts audited. Similar provision exists for the trusts or institutions under the first regime in the tenth proviso to clause (23C) of section 10 of the Act.

Representation on Issues in Registration of Charitable institutions due to order of CITs

December 1, 2021 5340 Views 0 comment Print

BCAS representation in regard to the conditions set out in various orders of registration granted to Charitable institutions in response to applications preferred  under section 12A(1)(ac) and the first proviso to section 10(23C) of the Income Tax Act 1961. Bombay Chartered Accountants Society  Harnessing Talent and Providing Quality Service 7, Jolly Bhavan 2, Ground Floor, […]

Charitable Institutions- Registration U/s. 12AB of Income Tax Act

September 9, 2021 121767 Views 18 comments Print

Budget 2020 proposes to digitize the process of registration for Charitable Trusts. Even the existing charitable institutions are required to apply for fresh registration under the new provisions of Sec 12AB of Income Tax Act. This article discusses the new provisions and procedure for registration under the new Section 12AB of the Act. In order […]

SC decision on Cancellation of section 12AA/AB registration of Trust

August 4, 2021 10716 Views 0 comment Print

Cancellation of registration of a Trust or Institution under section 12AA/AB of Income-tax Act 1961 – latest Supreme Court decision and legal ramifications Registration of trust or institution Income of a Trust created wholly for charitable or religious purposes or an institution established wholly for such purposes is exempt from income tax if granted registration […]

Re-Registration under section 12AB for Trust/Institution

July 28, 2021 30552 Views 0 comment Print

Effective Date: All the existing trusts and institutions registered under section 12AA of Income Tax Act, 19861 shall re-register themselves under section 12AB w.e.f. 01.04.2021 Registration u/s 12AB: Registration granted u/s 12AB shall remain valid for 5 years. (3 years in case of provisional registration) Forms to be filled: Form 10A: (Last date of filling […]

New Income Tax Portal- Untimely Updations – Could Be Avoided

June 21, 2021 1482 Views 2 comments Print

Our Government is trying to make income tax portal user friendly but untimely changes brought on the portal has made the professionals’ work more difficult as the portal is still not functional completely. Updations and changes are always welcome and appreciable by the users, if it is timely. When change is in our hands and […]

Anomaly in Re-Registration of Existing Trusts or Institutions U/S 12AB

June 14, 2021 21096 Views 6 comments Print

In no case such existing registered trusts or institutions which have applied for re-registration by filling Form 10A under section 12A(1)(ac)(i) should be treated as trusts or institutions falling under 12A(1)(ac)(vi).

Request for extension of time limit for Re-registration u/s 12AB for Charitable Trusts/NGOs

June 6, 2021 2223 Views 1 comment Print

BJP professional cell has requested FM Smt. Nirmala Sitharaman Madam through its president CA Shailesh R. Ghedia  for extension of time limit for Re-registration under section 12AB of Income Tax Act, 1961 for Charitable Trusts/NGOs. Text of their representation is as follows:- BJP Professional Cell Date :- 05.06.2021 To Smt. Nirmala Sitharaman Madam Hon’ble Union […]

Registration of NGOs under Section 12AB of the Income Tax

June 4, 2021 3684 Views 2 comments Print

NGOs in India can function in the form of constitutions like, trust, society or a Not for Profit company etc.,. For the purpose of claiming exemption under section 11 & 12 of the Income Tax Act, 1961 (the Act) it is mandatory for all the NGOs to register themselves under section 12 A of the Act.

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