Trust Registration-urgent
This query is : Resolved
29 July 2021
Whether 12A and 80g certificate are same? I have old registration certificate of trust ....is it also 80g certificate?
or 80g certificate is different from registration certificate?
or 80g certificate is different from registration certificate?
29 July 2021
No, both are different I think.
12A for the trust to avail exemption of income tax and 80G to enable donors to avail deduction u/s 80G
12A for the trust to avail exemption of income tax and 80G to enable donors to avail deduction u/s 80G
30 July 2021
There is different between registration under Section 12A and approval under Section 80G
Registration under section 12A/12AA/12AB - Sections 11, 12 and 13 are special provisions governing taxation of charitable or religious institutions. To avail the benefit of exemption under sections 11 and 12, trust or institutions are required to get themselves registered under section 12A/12AA/12AB.
Approval under section 80G - Section 80G allows deduction to donors in respect of donations made for charitable purposes. The donee institution or fund is required to take approval from the Principal commissioner or commissioner.
Registration under section 12A/12AA/12AB - Sections 11, 12 and 13 are special provisions governing taxation of charitable or religious institutions. To avail the benefit of exemption under sections 11 and 12, trust or institutions are required to get themselves registered under section 12A/12AA/12AB.
Approval under section 80G - Section 80G allows deduction to donors in respect of donations made for charitable purposes. The donee institution or fund is required to take approval from the Principal commissioner or commissioner.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Whether still royalty
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Residential status for filling income tax returns in India
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
