Provisional 12a and 80g then which Itr form will be filled ITR7 or 5

if we have provisional 12a and 80g then which Itr form will be filled ITR7 or 5.
Replies (1)
  • If your trust or institution has provisional registration under Section 12AB, you need to consider the following scenarios:

     

  • If your trust or institution has provisional registration under Section 12AB, you need to consider the following scenarios: a. New Trust or Institution with Provisional Registration: - If your organization is newly registered and has provisional status under Section 12AB, you should use Form 10AB for applying for final registration for a period of five years. - File this form at least six months before the expiry of the provisional registration or within six months of commencement of your activities, whichever is earlier. b. Trusts or Institutions Already Registered under Section 12A/12AA (Migration to Section 12AB): - If your trust or institution was already registered under Section 12A/12AA and is now migrating to Section 12AB, you should use Form 10A. - The validity period for this registration is five years. - File Form 10A within three months from April 1, 2021 (originally up to June 30, 2021, but now extended to March 31, 2022). c. Trusts or Institutions Registered under Section 12AB (5-Year Period Due to Expire): - If your trust or institution is already registered under Section 12AB, and the five-year period is due to expire, apply for renewal using Form 10AB. - File this form at least six months before the expiry of the existing five-year period.
  • 80G Approval:

    • If your organization also holds 80G approval, it does not significantly impact the choice of ITR form.
    • Both ITR-5 and ITR-7 can be used for filing returns by trusts and institutions.
    • However, the specific form to choose depends on other factors such as the nature of income, whether the organization is a company, etc.
  • Choosing the Correct ITR Form:

    • ITR-5: Use this form if your organization is not a company and has income from sources other than business or profession.
    • ITR-7: Use this form if your organization is a company or has income from business or profession, and also if it falls under specific categories (such as trusts, political parties, etc.).

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details