New charitable Trust Registration: Chart showing Forms & Time Limit

New charitable Trust Registration: Chart showing Forms & Time Limit

 3,007 total views

New charitable Trust Registration:

Chart showing Forms & Time Limit

 
 
Here is a chart showing the Forms Number for Registration of New Charitable Trust & Time limit for making the Registration under section 12A(1)(ac) and section 12(AB)
Sub-clause of clause (ac) of section 12A(1)
Nature of Persons covered
Time limit for filing application for registration
Applicable Form
Time limit for passing order
(i)
Trusts or institutions which are having existing registration u/s 12A or 12AA (Migration from section 12A/12AA to section 12AB)
Within 3 months from 1st April, 2021 i.e. up to 30th June, 2021
[Now Extended to 31st March 2022]
   Form 10A
Within 3 months from the end of the month in which the application is received
(ii)
Trusts or institutions which are registered under section 12AB and the period of the said registration is due to expire
Atleast 6 months before the expiry of the said period
Form 10AB
Within 6 months from the end of the month in which the application was received
(iii)
New trusts or institutions which have been granted provisional registration under section 12AB (Trusts opting for provisional to final registration for 5 years)
Atleast 6 months before the expiry of the provisional registration or within 6 months of commencement of its activities, whichever is earlier
Form 10AB
Within 6 months from the end of the month in which the application was received
(iv)
Trusts or institutions whose registration has become inoperative due to first proviso to section 11(7) of the Act. Registration u/s 12A or 12AA shall become inoperative from the date on which the trust or institution is granted registration u/s 10(23C)
Atleast 6months before the commencement of the assessment year from which the said registration is sought to be made operative
Form 10AB
Within 6 months from the end of the month in which the application was received
(v)
Trusts or institutions who has adopted or undertaken modifications of the objects which do not conform the conditions of registration
Within a period of 30 days from the date of adoption or modification
Form 10AB
Within 6 months from the end of the month in which the application was received
(vi)
In any other case (including fresh provisional registration)
Atleast 1 month before commencement of the previous year relevant to assessment year from which the said registration is sought
Form 10A
Within 1 month from the end of the month in which the application is received
How long the permanent Registration under section 12AB will be valid?
  1. In case of trusts or institutions which are having existing registration u/s 12AA shall apply for registration u/s 12AB online by 30-06-2021 in Form 10A ([Now Extended to 31st March 2022].
  2. The validity of registration u/s 12AB shall be for 5 years.
  3. Provisional registration shall be granted for a period of 3 years.
  4. For this purpose, CBDT has issued Notification No. 19/2021 dated 26th March 2021 which makes it mandatory for all the trusts/ societies/institutions registered under section 12A and 80G to obtain fresh registration.

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving