Amendment of section 12A.

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..... ities of the trust or institution have (A) not commenced, at least one month prior to the commencement of the previous year relevant to the assessment year from which the said registration is sought; (B) commenced and no income or part thereof of the said trust or institution has been excluded from the total income on account of applicability of sub-clause (iv) or sub-clause (v) or sub-cl .....

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..... nder clauses (ac), (b) and (ba). It is proposed to substitute sub-clause (vi) of clause (ac) of sub-section (1) of the said section so as to provide that the trust or institution, which is not covered under sub-clauses (i) to (v) of this clause, shall apply for registration where the activities of the said trust or institution have (A) not commenced, at least one month prior to the commen .....

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..... ons of sub-section (4A) of section 139, within the time allowed under sub-section (1) or sub-section (4) of that section. This amendment will take effect from the 1st day of April, 2023 and will, accordingly, apply in relation to the assessment year 2023-2024 and subsequent assessment years. It is also proposed to omit the second, third and fourth provisos to sub-section (2) of said section. .....

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