TMI BlogRequirement for obtaining registration u/s 12AB w.e.f. 1st April 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... rust or institution (Period of Reg.) Time limit for making application Time period within which order of registration should be passed Assessment Year from which exemption u/s 11 12 available I) Existing Trusts already registered u/s 12A / 12AA before 1.4.2021. Application in new Form 10A PCIT/CIT, on receipt of an application made, shall pass an order in writing registering the trust or instituti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n which application is made. III) Application for regular registration after grant of Provisional Registration Application in Form 10AB PCIT/CIT, on receipt of an application made, a)shall pass an order in writing registering the trust or institution for a period of 5 years b)If not satisfied, pass an order in rejecting such application and also cancelling its registration after affording a reason ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h application was received. (With inquiries) From the AY relevant to the FY in which application is made. V. Registration where the trust has adopted or undertaken modifications of the objects Application in Form 10AB PCIT/CIT, on receipt of an application made, a)shall pass an order in writing registering the trust or institution for a period of 5 years b)If not satisfied, pass an order in reject ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation sought to be made operative 6 Months from the end of month in which application was received. (With inquiries) From the AY relevant to the FY in which application is made. *With Inquiries (i) Call for such documents or information from the trust or institution or make such inquiries as he thinks necessary in order to satisfy himself about The genuineness of activities of trust or institution ..... X X X X Extracts X X X X X X X X Extracts X X X X
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