Form 10A-Tax benefit
Amandeep Singh (35 Points)
12 July 2021I am trying to find out it income tax form section but not getting it. If any one have any idea then kindly help.
Amandeep Singh (35 Points)
12 July 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 July 2021
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 12 July 2021
Form 10A of and avail benefits under Section 12A
It means they need not pay income tax on the surplus income. The trusts and societies and other Section 8 companies provide benefits to the general public. Hence to encourage more such charitable activities, the Income Tax has granted the exemption.
Form 10A is used by a charitable or religious trust for applying and obtaining 12A registration. Note on the activities of the trust or institution; Self-certified copy of existing order granting registration under section 12A or section 12AA, as the case may be;