A provisional registration for 3 years will be given to organisations. New Registration (As amended by Finance Act, 2020)Īn application for fresh registration under section 12A will be given to Principal Commissioner or Commissioner, as per provisions of section 12AB. From 1st April 2021, all new registration will be given for 5 years only and organisation has to apply for renewal after each 5 years. “It is important to note here that notwithstanding the fact that trust, society and section 8 companies are registered as per their respective acts, the registration under section 12A is necessary to claim exemption under Income Tax Act.”Įarlier registration under 12A was given as one-time registration and once the registration is granted it will hold good till cancellation. In order to claim exemptions under section 11 & 12 of Income Tax Act, 1961, it is mandatory for all NGOs to get registration under section 12A of the act. NGOs have multiple options to select the form of constitution, like trust, society and section 8 company.
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