Amendment of section 12A.

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..... ust 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-clause (vi) or sub- .....

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..... 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 commencement of the previous yea .....

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..... ion 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. This amendment will take effect f .....

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