Provision for condonation of delay in filing application for ...

Delay in filing trust registration can be condoned if reasonable cause exists. Effective Oct 1, 2024. Prevents permanent exit from exemption.

Notes Bill

August 2, 2024

Provision for condonation of delay in filing application for registration by trusts or institutions u/s 12AB, enabling the Principal Commissioner/Commissioner to condone the delay if reasonable cause exists. Applicable from October 1, 2024. Aims to prevent permanent exit from exemption regime due to delayed filing.

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Provision for condonation of delay in filing application for ...

Delay in filing trust registration can be condoned if reasonable cause exists. Effective Oct 1, 2024. Prevents permanent exit from exemption.

Notes Bill

August 2, 2024

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