12A REGISTRATION
This query is : Resolved
02 June 2020
Dear Experts
Online application for 12A registration was made in January 2020. Trust was created in the FY 2019-20.
But till now we have not received any communication, Should we apply u/s 12AB
Online application for 12A registration was made in January 2020. Trust was created in the FY 2019-20.
But till now we have not received any communication, Should we apply u/s 12AB
02 June 2020
Wait for communication.
The Commissioner may be satisfied with the application. In such cases, the Commissioner will pass a written order mentioning that the assessee is eligible to obtain registration under the section. The written order is forwarded to the assessee. On receipt of the order, the assessee can obtain the privilege of registration under the section.
The commissioner may not be satisfied with the application. In such cases, the right is available with the Commissioner to reject the application. The assessee should be informed in writing of the reason for the rejection.
The Commissioner may be satisfied with the application. In such cases, the Commissioner will pass a written order mentioning that the assessee is eligible to obtain registration under the section. The written order is forwarded to the assessee. On receipt of the order, the assessee can obtain the privilege of registration under the section.
The commissioner may not be satisfied with the application. In such cases, the right is available with the Commissioner to reject the application. The assessee should be informed in writing of the reason for the rejection.
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