Trusts with a 12AA certificate obtained in AY2018-19 need to apply for renewal under section 12AB. The initial deadline was the end of June 2021, but this was extended to 30 September due to issues with the new Income Tax portal. This renewal is crucial for maintaining Income Tax exemption.
15 June 2021
Kindly guide ... If a Trust who has obtained 12AA certificate in AY2018-19, do they have to apply for renewal of 12AA or they have to do it next year
15 June 2021
Now they have to apply for renewal under section 12AB before end of June 2021. In view of new Income tax portal is not working date will be extended.