Omission of redundant provisions related to roll back of ...

Notes Income Tax

February 4, 2023

Omission of redundant provisions related to roll back of exemption - Now the trusts and institutions under the second regime (i.e. u/s 12A(1)) are required to apply for provisional registration before the commencement of their activities and therefore there is no need of roll back provisions provided in second and third proviso to sub-section (2) of section 12A of the Act.

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Omission of redundant provisions related to roll back of ...

Notes Income Tax

February 4, 2023

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