Today charity has become a major purpose of various entities .A charitable Trust, religious organisation and non profit organizations are eligible to claim exemption from Income Tax .In order to avail the same, a registration under Section 12A of the Income tax Act is required to be made, immediately after the incorporation process. Failing to register for 12A certification shall result in the entity paying the normal taxes and the beneficial tax exemptions cannot be availed.
On receipt of a duly filled application, the Tax Commissioner shall review the same. Upon review, he may ask for additional information or documents to submit. If not satisfied, he may reject the application of an NGO.
Once the application and the information are satisfactory, the Commissioner shall pass an order in writing, registering the Trust/Institution under Section 12A of the Income Tax Act.
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