Registration of 12AA

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

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.