1. A Company has been registered under Sec 8 of the Companies Act, 2013.
2. Whether this same company also need to register under Sec 12AA or 80G of the Income Tax Act, 1961.
Pl clarify.
Replies (2)
Quick Summary
This discussion clarifies whether a company registered under Section 8 of the Companies Act, 2013, also requires separate registration under Sections 12AA or 80G of the Income Tax Act, 1961. The consensus is that no new company needs to be formed; instead, an application for 12A registration should be submitted to the relevant jurisdiction to avail tax benefits applicable to charitable activities.