Quick Summary
Period of registration of smaller trusts or institutions Section 12AB provides registration of trust or institution for a period of 5 years or provisional registration (where activities have not commenced at the time of filing application for registration) for a period of 3 years. At the expiry of such registration or provisional registration, or in case of provisional registration, if the activities of the trust or institution have commenced, the trust or institution is required to make applic
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The registration period for eligible smaller trusts and institutions is being increased from 5 years to 10 years.
The trust or institution's total income, before giving effect to sections 11 and 12, must not exceed £5 crore in each of the two previous years.
The change is intended to reduce the compliance burden for smaller trusts and institutions.
These amendments will take effect from April 1, 2025.
No, this applies to trusts and institutions that meet specific criteria regarding their total income in the preceding years.
CAclubindia
