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Trust registration for claiming exemption u/s 11 and 12

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Aman Sachdeva

12 Points Posted on 23 May 2023

The assessee had not obtained registration u/s 12AB for the AY 2022-23 and hasn't obtained registration even till now. It's entire exemption claimed in the ITR has been disallowed. Is there any remedy available to the assessee where it can claim exemption u/s 11 and 12 for the AY 2022-23, 2023-24 and onwards?

Replies (2)

Quick Summary

This discussion addresses a trust that failed to obtain registration under Section 12AB for AY 2022-23, leading to disallowed exemptions. While claiming exemptions for past years (2022-23) without registration appears impossible, the advice suggests exploring remedies and ensuring registration for future financial years (2023-24 onwards) to claim exemptions. It's recommended to seek further expert opinions on mitigating the disallowance.

prasad Nilugal

GST Practitioner & Accounts

15146 Points Posted on 23 May 2023

No , You have to take registration in order to claim exemption in future from F.Y 23-24 . earlier years you Can not claim without registration. Take others opinion as well.