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Section 12A - Conditions for applicability of sections 11 & 12

Income Tax - Charitable, Religious, Educational Trust or Institutions or Organizations and Political Parties - 10 - SEC - 12A: CONDITIONS FOR APPLICABILITY OF SECTIONS 11 & 12 The income of a Charitable or religious trust is exempt under section .....

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shall apply in relation to income of such trust from the financial year in which such application is made. aa. The person in receipt of the income has made an application for registration of the trust or institution on or after 1-6-2007 in the presc .....

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where a trust or an institution has been granted registration u/s 12AA or has obtained registration at any time u/s 12A and, subsequently, it has adopted or undertaken modifications of the objects which do not conform to the conditions of registrati .....

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-2018] Where the total income of the trust computed without giving effect to the provisions of sections 11 and 12 exceeds the maximum amount not chargeable to income tax in any previous year, then the accounts of the Trust for that year should be aud .....

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dance with the provisions of sub-section (4A) of section 139, within the time allowed under that section [ Inserted by FA, 2017, w.e.f.1-4-2018] APPLICABILITY TO EARLIER YEARS OF THE REGISTRATION GRANTED TO A TRUST OR INSTITUTION The provisions of se .....

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ion for the period prior to the year of registration causes genuine hardship to charitable organisations. In order to provide relief to such trusts and remove hardship in genuine cases, section 12A of the Income-tax Act has been amended to provide th .....

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any assessment proceeding for an earlier assessment year which is pending before the Assessing Officer as on the date of such registration, if the objects and activities of such trust or institution in the relevant earlier assessment year are the sam .....

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