01 February 2011
12A is a Section of Income Tax Act, 1961 which deals with the "major issues" related with the application for registration of a trust in Form No 10A, so as to enable a trust for getting exemption of income U/s 11 & 12.
Section 12A also prescribs requirement of audit of accounts of trust if its income exceeds the taxable limit (without taking into a/c the exemption U/s 11 and 12).