Section 12AA Registration

Section 12AA Registration

Section 12AA of the Income Tax Act, 1961 provides for the registration of a trust or institution to claim exemption from income tax. The process for obtaining registration under Section 12AA involves the following steps:

1. Application filing: The trust or institution must file an application for registration in Form 10A with the Commissioner of Income Tax (Exemptions) having jurisdiction over its area.

2. Supporting documents: Along with the application form, the trust or institution must submit the following documents:

• Copy of the trust deed or rules and regulations of the institution
• Copies of registration certificates, if any
• Details of activities and income and expenditure for the last three years, if applicable
• Copies of PAN card of the trust or institution and its trustees or members
• Copy of the proof of address of the trust or institution and its trustees or members
• Any other relevant document as required by the Commissioner

3. Verification: The Commissioner may conduct an inquiry or call for additional information or documents, if required, to verify the application.

4. Registration: If the Commissioner is satisfied with the application and all the necessary documents and information provided, he or she will grant registration under Section 12AA to the trust or institution.

Documents required for Section 12AA Registration:

• Form 10A: Application for registration under Section 12AA
• Trust deed or rules and regulations of the institution
• Registration certificates, if any
• PAN card of the trust or institution and its trustees or members
• Proof of address of the trust or institution and its trustees or members
• Details of activities and income and expenditure for the last three years, if applicable
• Any other relevant document as required by the Commissioner

The time taken to obtain registration under Section 12AA can vary depending on the Commissioner's inquiry or the submission of additional information or documents. Generally, it takes around 1-2 months to complete the registration process.