Is it mandatory to furnish accounts for 3 years along with 12A application of a trust? Can a newly formed trust cannot apply for 12A registration? Have to wait till three years?
Shyam Sundhar (7 Points)
22 May 2019Is it mandatory to furnish accounts for 3 years along with 12A application of a trust? Can a newly formed trust cannot apply for 12A registration? Have to wait till three years?
Srinivas Ch
(Sr.Accountant)
(365 Points)
Replied 22 May 2019
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 23 May 2019
Not mandatory for new trust, however if registered for more than 3 years then you have to submit ITR and audit report, balance sheet etc. It also proves that you are doing charitable activity and filing return.
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