12A registration

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Renuka K (Querist)
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04 November 2019 Hi,

The details to be filed along with for 10A for 12A registration includes financial statements for the last three years. my question is whether application in form 10A can be filed before starting operations of the trust ?? ie, before utilisation of fund recived by trust...?? please clarify

Renuka K

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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26 May 2020 I think it is not possible.

Section 12A registration is one time exemption obtained by most Trusts, right after incorporation to be exempted from paying income tax. Trusts and NGOs having 12A registration enjoy exemption from paying income tax on the surplus income of the Trust or NGO.

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