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How to register a trust and get exemption from it tax u/s 12AA

03 December 2018

sir I am new in the practice field & I got the work to register a trust and exempt from the income tax...sir I don't want to loose the opportunity but I don't know how practically do all the things actually I don't know the practical procedure...how to start the things I don't know sir ..so sir pls help

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8 Replies

prasad Nilugal (3914 Points)
Replied 03 December 2018

Is it charitable trust or religious trust ?.

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Hrishikesan “Stark” Sampath Ku (8 Points)
Replied 03 December 2018

Read rule 17A of income tax rules

Form 10A - Application for registration of charitable or religious trust or institution under clause (aa) of sub-section (1) of section 12A of the Income-tax Act, 1961

it is an ONLINE FORM

DSC – Not Mandatory for registration – Registration can be done using DSC

However, DSC is required at the time of filing audit report.

Information required

1.       PAN

2.       Type of trust - Charitable or Religious or both.

3.       Mobile no. and Email Id of Managing Trustee or Authorized Persons.

4.       Self-Certified copy of Trust Deed (Document evidencing creation of trust and adoption of objects).

5.       Self-Certified copy of registration of trust (if registered as a society or any other registration).

6.       Self-Certified copy of annual accounts (Financial statements) for maximum immediately 3 preceding FYs.

7.       Note on activities of the trust.

8.       Earlier applied and rejected? If yes, self-Certified copy of rejection order.

9.       you have to specify if the trust will get foreign contribution?

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CA Sonu Sharma (CA ) (114 Points)
Replied 03 December 2018

yes ye kabutar ko Dana dalney ke liye dhan bhandar ke liye ho any one can donate...it is a religious trust

Nitesh bind (Student CA Final ) (12692 Points)
Replied 04 December 2018

I request you to visit this article to have an insight into the Charitable/Religious Trusts:

https://taxeffects.blogspot.com/2018/12/charitable-andor-religious-trust_3.H T M L

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CA Sonu Sharma (CA ) (114 Points)
Replied 04 December 2018

sir blog dosent exist @ nitesh bind

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Nitesh bind (Student CA Final ) (12692 Points)
Replied 04 December 2018

You just visit TAXEFFECTS.BLOGSPOT.COM and you'll see the first article is for Charitable/Religious trusts.
You could drop your queries or comments as well.

1 Like