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How to register trust under section 12AA ?

Pratibha Tomar (IPCC ) (34 Points)

23 May 2018

Can anyone tell me the procedure to register a trust under section 12AA in delhi.

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GOPAL AGGARWAL (DOING NOTHING) (1339 Points)
Replied 23 May 2018

Apply in Form No. 10A to jurisdictional CIT(Exemption) along with Registration Certificate, Bye Laws and Financial statements and ITR for 3 year. All in duplicate

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Prajjwal Kaushik (Finance Professional) (6216 Points)
Replied 23 May 2018

Also please read rules respective to the form mentioned above. There are no of copies and the requisite fees mentioned there in for the application.

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Pratibha Tomar (IPCC ) (34 Points)
Replied 23 May 2018

sir...whether it is new procedure or old for trust registration

GOPAL AGGARWAL (DOING NOTHING) (1339 Points)
Replied 24 May 2018

no fee is payable for registration u/s 12A

and No. of copies are already mentioned

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GOPAL AGGARWAL (DOING NOTHING) (1339 Points)
Replied 24 May 2018

Only jurisditcion has been changed from CIT to CIT(EXEMPTION) and no change in procedure

Prajjwal Kaushik (Finance Professional) (6216 Points)
Replied 24 May 2018

Originally posted by : GOPAL AGGARWAL
	no fee is payable for registration u/s 12A and No. of copies are already mentioned

Correct sir.

(Guest)

12A registration is one time exemption obtained by mosts 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. Income tax exemption is available for all non-profit NGOs

(Guest)

Application for 12A registration is made in Form 10A. It is prescribed in Rule 17A of the income tax rules’ 1962. Below is the step by step procedure for applying Section 12A registration: a) To whom application for registration is to be made? – The application for registration has to be filed with the jurisdictional commissioner of Income Tax (exemptions). b) Documents to be furnished for registration- I. An application in form 10A has to be filled.(ANNEXURE:1) II. Documents evidencing creation of trust or the establishment. III. Two copies of the accounts of trust, for not more than three years. IV. In case of trust, copy of trust deed; in case of society, copy of registration certificate and copy of memorandum of association of society; in case of section 8 company, copy of certificate of incorporation and copy of MOA, AOA of company. V. Copy of PAN Number of Trust. Every legal document has to be signed and stamped by the authorized signatory. The application has to be filed in accordance with Rule 17A of the Income Tax Rules’1962. Application should be complete in all respects along with the documents required under said rule.

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