Set aprt of trust

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mamta (Querist)
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29 November 2018 sir i have trust which is not registered under 12A and i got demand of three F.Y. and after that we got registraion but i have to get exmption of 12a of previous year ....can i get.

Z (Expert)
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01 December 2018 Not in respect of those assessment years for which assessment was completed. Because as per the proviso to S.12A, the proceedings ARE NOT PENDING before the AO.

Provided that where registration has been granted to the trust or institution under section 12AA, then, the provisions of sections 11 and 12 shall apply in respect of any income derived from property held under trust of any assessment year preceding the aforesaid assessment year, for which assessment proceedings are pending before the Assessing Officer as on the date of such registration and the objects and activities of such trust or institution remain the same for such preceding assessment year:

CA Shiv Kumar Sharma

CA Shiv Kumar Sharma (Expert)
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02 December 2018 Registration for Previous years are not possible.

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