Friday, July 2, 2021

How do I renew my 80G and 12A?Is it necessary to renew 80G certificate?When can I apply for 12A registration?

 How do I renew my 80G and 12A?

PROCESS OF RENEWAL/ REGISTRATION

Step-3 : On receipt of an application in Form No 10A (or 10 AB as the case may be), the PCIT or CIT, authorized by the Board, shall either approve or reject the application. In case the application is approved, the PCIT or CIT shall issue a 16 digit alphanumeric URN.


Is it necessary to renew 80G certificate?

After processing your application, your trust or institution's registration under Section 12AA and 80G may be re-validated by income tax for a period of 5 years. Application for renewal after 5 years must be made at least six months prior to the expiry of the five years validity period.

When can I apply for 12A registration?

12A registration is generally applied for immediately after incorporation. Section 8 Companies, Trusts and NGOs which have obtained 12A registration enjoy exemption from paying income tax on their surplus income. The 12A registration facility is available for all non-profit entities.

No comments:

Post a Comment

HAPPY TO HELP YOU ANY TIME ANYWHERE AND IF YOU WANT TO LEARN ANYTHING FROM US YOU CAN REACH US AT SONIKA987@GMAIL.COM

जीएसटी का विकिपीडिया! Wikipedia of GST

1. Input Tax ( इनपुट टैक्स )    -   Input tax is the GST you pay on purchases or services required for your business. For example, when...