12 AA License
*This package covers only one Tax Return
12AA Registration is a onetime registration that can exempt Income Tax of an organisation. After this registration, all income can not be taxed. The application form which is used to request for 12AA Registration is form 10A.
Package Details
Trust, Society and Section 8 Company can seek registration u/s 12A to claim exemption under Income Tax Act’ 1961, if certain conditions are satisfied. Section 12A deals with registration of trust and section 12AA deals with procedure for registration of trust.
If the NGO does not get itself registered u/s 12A, it will not be eligible to claim ‘Benefits of Registration u/s 12A of the Income Tax Act’1961’. Once the registration is granted, it will hold good till the cancellation of registration.
Our Process
- Sign Up on Haxtax.com.
- Send your Documents
Section 12AA of the Income Tax Act’ 1961 prescribes procedure for registration of Trusts or institution. Upon the receipt of application for registration u/s 12A of the Income Tax Act, the commissioner has to satisfy about the genuineness of the activities of trust.
I. The commissioner on receipt an application for registration of a trust shall call for the documents and information as he thinks necessary to satisfy about the genuineness of the activities of trust.
II. He shall pass an order in writing after satisfying himself about the objects of trust.
III. If he is not satisfied, he shall pass an order in writing refusing to register the trust. Applicant shall be given opportunity of being heard before passing order of refusal.
IV. Order granting or refusing registration shall be passed before the expiry of six months from the end of month in which application was received under section 12A.
Documents Needed
- Certified copy of the instrument under which the trust/institution was created/established, if applicable
- Certified copy of the document evidencing the creation of the trust or the establishment of the institution, if applicable
- Certified copy of registration with RoC/Registrar of Firms & Societies/Registrar of Public Trusts, whichever applicable
- Certified copy of the documents evidencing adoption or modification of the objects, if any
- Certified copy of the annual reports of the trust/institution for a maximum three immediately preceding financial years, if applicable
- Note on activities
- Certified copy of existing order granting registration under section 12A or section 12AA, if any.
- Certified copy of order of rejection of application for grant of registration under section 12A or section 12AA, if any.
