Filing Form 10A of Society

Save Share

This query is : Resolved

Quick Summary

Societies registered under the Income Tax Act can apply for 12A or 80G registration, even if newly established. While filing Form 10A, new societies may face issues with providing three years of financial details. However, the registration date of the society is considered, and the portal should accommodate new firms, meaning three years of financial history isn't required.

Komal

Komal (Querist)
Follow

08 May 2023 Can a society which has been registered under Income Tax Act in January apply for the 12A or 80G registration?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 May 2023 Yes, they can apply initially provisional registration will be granted

Komal

Komal (Querist)
Follow

12 May 2023 Once we go for filing of Form 10A of the said society, they are asking for 3 year financial details which is not possible for the newly registered society. So I hereby request you to guide us regarding the filing of the said form..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

13 May 2023 Say newly registered firm it will be considered.

Komal

Komal (Querist)
Follow

13 May 2023 There is no column on the portal while filing the form 10A saying them about the new firm, so i request you how to do so.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

14 May 2023 The date of registration of the society given in form will be considered as new one and no need to file 3 years financial.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!