This discussion addresses urgent queries regarding the registration process for trusts under Section 12AB. Participants clarify that the registration is an online process, expected to commence from 1st April 2021, with a three-month completion window. It's confirmed that Form 10A is the relevant form, and the process has been deferred, advising to complete it in April using the updated Form 10A available then.
23 November 2020
WHAT IS THE PROCEDURE OF THIS REGISTRATION WHETHER IT IS ONLINE OR PAPERS TO BE SUBMITTED TO THE DEPARTMENT? IF IT IS ONLINE THE PORTAL HAS STARTED FOR THE SAME?
23 November 2020
It's form 10A only. The exercise is now likely to be deferred to 1st April 2021 under ‘The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020.
23 November 2020
its likely to be deferred or it is actually deferred?Further form 10A available on portal can i use the same if i want to apply for fresh registration under 12ab now