Tax Consultant
1559 Points
Joined June 2009
Mr.Suresh
I understand that your trust has got registraton u/s 12A of Income-tax Act, 1961 in the year 1992 and got approval u/s 80G(5) simentaneously.
At the time of granting approval, the CIT might have given the approval for a few years. You said that no activity was taken up by your trust till date since its inception.
The registration u/s 12A remains in force. I understand the period of approval under section 80G might have expired as on today. Hence you have to make an application for renewal in the prescribed form - Form No.10G. Please refer Rule 11AA where in the procedure for filing the application for renewal/new application has been explained. Please attach the copies of audited accounts and audit report (in triplicate) to the application.
You have to affix Rs.2/- Court Fee Stamp to the application. The application must be filed in triplicate.
Along with with application you have to file two declarations signed by all the trustees/office bearers-
(1) under section 11(5) and
(2) under section 13(1)(c)
(3) The names and addresses of the trustees/their PAN Numbers/details of their jurisdictional assessing officers
After receiving the application the CIT will fix a date for hearing the case. He may ask for any further information.
If the CIT satisfies with the information provided he will record his satisfaction and grant approval u/80G for your trust.
Any approvals made after 10-10-2009 are perpetual approvals as clarified by the CBDT in circular No.7/2010 [F. No. 197/21/2010-ITA-I], Dated 27-10-2010] DATED 27-10-2007
best wishes
sathikonda
CAclubindia
