NGO’s can seek registration u/s 12A to claim exemption under Income Tax Act’ 1961, if certain conditions are satisfied. Thus, NGO’s shall get themselves registered for claiming exemptions under the Income Tax Act. Below is step by step procedure for registration u/s 12A:
Deemed Registration: In case the order of grant or refusal not passed within the expiry of 6 months from the end of the month in which application for registration was made, it will be deemed that the concerned Trust has been registered. Cancellation of Registration: Registration granted u/s 12A can be cancelled in the below circumstances:
Annexure:1 - Prescribed documents for 12A registration:
- Name of the Trust (in block letters)
with a copy thereof
Inception together with a copy thereof Still Confused? Our team is here to answer Write us at info@startup-movers.com Call: +91-94-6565-3535 (This article is authored by Anamika Tyagi exclusively for publication at StartUp Movers. No content of this article can be published elsewhere without prior permission of StartUp Movers. The entire contents of this article are solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. It doesn’t constitute professional advice or a formal recommendation.)
Disclaimer: This content is published for informational and educational purposes only and should not be considered legal, tax, financial, or professional advice. Please consult a qualified professional before making any financial or business decisions. Startup Movers shall not be liable for any loss or damage arising from reliance on this content.
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