Dear Members
One of my client going to start Charitable and Religous Trust and the object of the Trust are
a) Establishment of Church, Bible school, etc
b) Establishment of school, helping poor, education to poor, prevent achoholism, etc
My doubt is
1. whether registration u/s 12AA of IT Act is possible?
2. whether we can apply for 80G exemption?
Please advise, Thanks in advance Members
Thanks & Regards
CA. Santhos Kumar S
| Originally posted by : santhos kumar | ||
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Dear Members One of my client going to start Charitable and Religous Trust and the object of the Trust are a) Establishment of Church, Bible school, etc b) Establishment of school, helping poor, education to poor, prevent achoholism, etc My doubt is 1. whether registration u/s 12AA of IT Act is possible? 2. whether we can apply for 80G exemption? Please advise, Thanks in advance Members Thanks & Regards CA. Santhos Kumar S |
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Dear Santhos,
Be assured that your client can definitely apply for registration under section 12A. It has to be done within a year of incorporation of the trust.
Registration under 80G is a subsequent procedure and with the proposed objects of the organization, there should not be any problem in 80G registration either.
I am personally doing such registration for many clients of mine. In case your client interested, I shall be glad to be of further help.
Both applications can be applied together or it can also be applied separately also. If some organization is willing to apply both applications separately, then application for registration u/s 12A will be applied first. Getting 12A registration is must for applying application for registration
u/s 80G of Income Tax Act.
Step-1: Dully filled-in application will be submitted to the exemption section of the lncome Tax Department.
Step-2: NGO will receive notice for clarifications from Income Tax Department in 2-3 months after applying.
Step-3: Reply of notice will be submitted by the consultant along with all relevant desired documents to the Income Tax Departments.
Step-4: Consultant will personally visit the Income Tax Departments to follow-up the case on behalf of the applicant organization.
Step-5: Exemption Certificates will be issued.
VALIDITY PERIOD
12A registration : Lifetime validity
80G registration : 1 to 3 years validity
Respected Sir/ Madam,
Dear Sir,
I am Pratap Kumar Ankamreddi from Visakhapatnam, Andhra Pradesh.
I am planning to start a Trust ( Main Concept : helping poor people for better education, Health and financial support ).
As on date i have given No of Bags, books, writing materials to children, sewing machines to poor people , financial support for poor people, etc., But it is lot of burden to me. So, I have planned to start trust.
Can you please advise or prepare Trust deed ( with exemption Income tax) on payable basis.
Regards,
Pratap.A
SIR PROVIDE ME PROCESS OF REGISTRATION OF TRUST HOW CAN I FORMULATE A TRUST UNDER TRUST ACT
Where You want to register your trust.
Call at 9711159687
if school is running as a trust. but this trust is not registered with any authority i.e society registration act, they just prepared trust deed and start a school. But The school got exemption from State Government.
Then Whether this trust/School is eligible to apply Reg 12A and 80G. Kindly explain me indetail.
Thanks.
Hi, Mr. Santosh Kumar, I want to tell you that your friend can register for 12A Certificate of IT Act and he or she can also apply for 80G Certificate as well. One of my friends also did the same and he preferred Tradenfill for this. He told me that the tradenfill experts helped him a lot and they also provided the best services as well at an affordable price.
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