Steps
Just fill the form and our CA's will contact you regarding the 12AA Registration.
Filling out the form is quick and easy and will provide you with numerous benefits
in the long run. By
this, you will be able to get consultation from our Auditorwala CA/CS and will be
able to get
Guidance. So, why wait? Take the first step towards a bright future for
your business and fill out the form today.
12AA registration applicant needs to submit the following documents along with
Form 10A:
- Instrument's self-certified copy which was used in the process of creating trust or establishing the institution shall be submitted.
- The foundation or trust may have been made in any case than by method for drafting and registering an instrument. In such cases, a self-attested copy of the document confirming the creation of the trust, or foundation of the institution ought to be submitted to the Income Tax Department.
- Provide a self-attested copy of the registration, which was made with the pertinent body. The relevant body might be the Registrar of Companies, the Registrar of Firms and Societies or Registrar of Public Trusts.
- A self-certified copy of the document which serves as an evidence at the time of adoption or during alteration of the objective of the entity shall be submitted.
- Financial report of the trust/institution for maximum three preceding financial year.
- Note on activities which entity perform.
- There a few cases which may force Income Tax Department to cancel the registration issued under this section. Though once the assessee has resolved the issue he can file for the subsequent application. In such a scenario it is essential for the applicant to submit a self-certified copy of the existing order issuing registration.
- In case assessee application has been dismissed, he needs to attach a self-certified copy of the order of rejection with the application.
Following Is The Step By Step Process Of 12AA Registration:
- Once you have submitted the application in the recommended design accessible online, the Commissioner will request that you present extra reports according to the extra necessities.
- The request for additional verification of the documents will help in demonstrating the validity of the activities of the organization.
- In the event that the Commissioner is content with the application, then he/she will register the Trust or Institution under Section 12AA, all the Commissioner should simply pass a solicitation for the enrollment cycle to start.
- The provision of Section 12AA(2) states that registering authority shall pass the request for allowing or declining registration before the expiry of a half year from the end of the month in which the application was obtained.
- Everything considered 12AA registration is 1 to 3 months length in India. Regardless, when a Trust secures registration, it is genuine for the lifetime of the Trust and there is no need for recharging.
1.The fund which you are intending to use for the beneficent or religious purpose
will be viewed as salary application.
2.The Registration done under Section 12AA is a one time process. Once the registration is done, it stays substantial till the date of cancellation of the registration.
3.Organizations or individuals who are registered under this section can exploit collection of income which cannot surpass 15% for charitable or religious purposes.
4.Section 11(2) considers as the application of income subsequently it is excluded from the complete income.
5.The final income will be absolved from tax.
6.NGOs enjoy the advantage of accepting numerous licenses from the legislature and different organizations. There are agencies that offer financial support to NGOs and these agencies normally want to make awards to 12AA registered NGOs.
2.The Registration done under Section 12AA is a one time process. Once the registration is done, it stays substantial till the date of cancellation of the registration.
3.Organizations or individuals who are registered under this section can exploit collection of income which cannot surpass 15% for charitable or religious purposes.
4.Section 11(2) considers as the application of income subsequently it is excluded from the complete income.
5.The final income will be absolved from tax.
6.NGOs enjoy the advantage of accepting numerous licenses from the legislature and different organizations. There are agencies that offer financial support to NGOs and these agencies normally want to make awards to 12AA registered NGOs.
12AA registration is important for charitable and religious organizations in India
as it enables them to receive tax exemptions and avail other benefits under the
Income Tax Act. This certification also enhances the credibility and transparency of
the organization, making it easier to attract donors and grants for their social and
religious activities.
The time taken for 12AA registration varies depending on the workload of the Income
Tax Department and the completeness of your application. It can take anywhere from
1-6 months for the registration process to complete.
