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TMI BlogRequirement for obtaining registration u/s 12AB w.e.f. 1st April 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... xisting Trusts already registered u/s 12A / 12AA before 1.4.2021. Application in new Form 10A PCIT/CIT, on receipt of an application made, shall pass an order in writing registering the trust or institution for a period of 5 years 3 Months from the date on which this amendment come into force. [The Board stating that Form No .10 A in some of such cases could not be filed by 31.03.2022. It has been requested that the delay in filing of Form No.10A in such cases may be condoned. vide Circular 22/2022 dated 01.11.2022 ] Before expiry of the period of 3 months calculated from the end of the month in which the application was received. (Without inquiries) From the AY for which trust earlier granted registration. [Sub-clause (ii) ] Application fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2A or 80G vide Circular 08/2022 dated 31.03.2022 ] 6 Months from the end of month in which application was received. (With inquiries) From the first of the AY s for which it was provisionally registered. [Sub-clause (iv) ] Application for grant of registration has become inoperative due to section 11(7) Application in Form 10AB PCIT/CIT, on receipt of an application made, a) shall pass an order in writing registering the trust or institution for a period of 5 years b) If not satisfied, pass an order - in rejecting such application and - also cancelling its registration after affording a reasonable opportunity of being heard. 6 Months prior to commencement of AY from which registration sought to be made operative 6 Months from the end of mon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.2023), where activities of the trust or institution have commenced and no income or part thereof of the said trust or institution has been excluded from the total income on account of applicability of u/s 10(23C) (vi)/(v)/(vi)/ (via), or section 11 or section 12, for any previous year ending on or before the date of such application. PCIT/CIT, on receipt of an application made, a) shall pass an order in writing registering the trust or institution for a period of 5 years b) If not satisfied, pass an order - in rejecting such application after affording a reasonable opportunity of being heard. at any time after the commencement of such activities within 6 month from the end of the month in which registration application uploaded. For the A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... umeric Unique Registration Number (URN) to the applicants. Application Granted - On receipt of an application in Form No. 10AB , the Principal Commissioner or Commissioner, authorised by the Board shall pass an order in writing granting registration in Form No.10AD and issue a sixteen digit alphanumeric Unique Registration Number (URN) to the applicants. Where the application is filed beyond the time allowed in sub-clauses (i) to (vi), the Principal Commissioner or Commissioner may, if he considers that there is a reasonable cause for delay in filing the application, condone such delay and such application shall be deemed to have been filed within time; - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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