INCOME TAX - u/s 12a(a)

This query is : Resolved

P.R.VITTAL RAO (Querist)
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08 August 2007 I am working in a Educational institution registered under 12A(a) of IT act. All the amounts in excess 15% of income are invested as per sec 11 and 12 of IT act and used for the purpose for which the institue is established. I would like to know whether this registration is enough to claim income tax exemption or is there any specific certificate to be obtained for tax exemption. please clarify.

shipra walia

shipra walia (Expert)
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08 August 2007 After the allotment of registration a number is issued to the trust and a copy of certificate is given. This copy ofcertificate along wth return is quoted on the returns while filling the returns.
but now with the change in forms i.e Annexure Less forms the number will be quoted in the return but the copy of certificate will only be produced if asked for.

On the basis of that number the exemption is claimed