- Section 12A
- Section 12AA
- Section 80G
- Section 10(23C)
An Overview of Section 12AB Registration
Section 12AB of the Income Tax Act provides for the registration of trusts and institutions engaged in charitable activities, enabling them to avail tax exemptions and other benefits. Entities involved in the relief of the poor, education, medical relief, advancement of any other object of general public utility, or any other purpose beneficial to society are eligible for registration under Section 12AB.
Ensuring Documents Required for 12AB Registration
Our team ensures the accuracy of these documents essential for a smooth registration process under Section 12AB, facilitating the organization's eligibility for tax exemptions.
- If the organization is a trust, submit a copy of the trust deed specifying its objectives and operational modalities.
- In case of companies, provide the MOA and AOA outlining the objectives and rules of the organization.
- Furnish a copy of the Permanent Account Number (PAN) card of the organization.
- Submit audited financial statements for the past three years.
- Provide comprehensive details of the charitable activities undertaken by the organization.
- Fill and submit Form 10A to the Principal Commissioner or Commissioner of Income Tax.
- Include a declaration by the trustees or directors, affirming the authenticity of the information provided.
- Include any additional documents as required by the tax authorities.
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A Roadmap to 12 AB Registration with Legal Procedures
Ensure compliance with the objectives specified under Section 12AB.
Prepare and submit Form 10A to the Principal Commissioner or Commissioner of Income Tax
Have a valid Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Get Memorandum and Articles of Association, Copy of PAN card Details of beneficiaries
The tax authority scrutinizes the application and verifies the documents submitted to ensure compliance with legal requirements and the genuineness of charitable activities.
Audited financial statements for the preceding three years (if applicable)
Tax authorities furnish a registration certificate under Section 12AB upon satisfactory verification, bestowing legitimacy upon the charitable entity and conferring tax-exempt status.
Empowering Social Change with Section 12AB Registration
Discover how Section 12AB registration can exempt your organization from income tax, allowing you to allocate resources more efficiently toward your noble causes.
Registered entities are eligible for exemption from income tax on their charitable activities, allowing them to utilize resources more effectively toward their social objectives.
Registration under Section 12AB enhances the credibility and transparency of the organization, instilling trust among donors, beneficiaries, and stakeholders.
Registered entities are more likely to attract funding from philanthropic individuals, corporates, and government grants, facilitating the expansion of their charitable initiatives.
Section 12AB registration provides operational flexibility by allowing organizations to carry forward losses and claim deductions under various provisions of the Income Tax Act.
Tax benefits and financial incentives under Section 12AB promote the long-term sustainability and growth of charitable organizations, enabling them to make a lasting impact on society.
Gain Tax Exemption for Your Charitable Activities
Access Funding Opportunities and Expand Your Social Impact- Register under Section 12AB
Insights
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