12aa Registration In India - corpbiz
August 31, 2020 12:54 pm
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12AA-Registration
12AA registration is done with the aim to receive exemption from Income Tax. All income of the organization cannot be taxed once this registration is done. Form 10A is used to fill the application for
Phone 9599553498

12aa Registration In India - corpbiz

12AA registration is done with the aim to receive exemption from Income Tax. All income of the organization cannot be taxed once this registration is done. Form 10A is used to fill the application form for 12AA registration. The Commissioner of the Income-tax Department who holds the jurisdiction over the institution is responsible to process your application of registration under section 12AA. Exemption on Income Tax is available for all NGOs but only those who are aware of it and can take benefit from it. Hence, in order to entertain the benefit of the exemption limit, it is necessary for all NGOs, Trusts, and other Not-for-Profit organizations to be aware of Section 12AA of the Income Tax Act.

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