Section 12AB is applicable for the registration of all the existing charitable and religious institutions (including NGOs). The registration of eligible trusts needs to be made before the due date. Here in this post, we will tell you the 12AB Registration Due Date.
12AB Registration Due Date
The 12AB Registration Due Date has been extended many times by the department, the updated status of which is given here-
Section 12AB comes into effect from 1st June 2020, and eligible assessee is required to apply for registration and approval within a period of 3 months i.e. before 31st August 2020.
Further, as per the tweet made by CBDT on 08 May 2020, the date for getting registered under section 12AB has been extended to 01st October 2020, resulted from extension the assessee is required to get registered within a period of 3 months i.e. before 31st December 2020.
The due date for the New Registration procedure prescribed under section 12AB for charitable trusts and institutional introduced by Finance Act 2020 has been deferred and extended to 01 April 2021 by the Taxation and Other Laws (Relaxation and Amendments of Certain Provisions) Act, 2020.
Latest Update of 12AB Registration Due Date
12AB Registration Due Date– On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain forms under the provision of Income Tax Act, 1961 read with Income Tax Rules, 1962, The CBDT vide circular no. 16/2021 dated 29th August 2021, extends the due dates for electronic filing of such forms including Form No. 12AB as under-
|S.No.||Nature of Forms/Extension||Provisions of Income Tax||Original Due Dates||Extended due dates vide Circular No. 16/2021|
|1.||The application in Form No. 10A for registration/intimation/approval of Trusts/Institutions Research Associations etc.||U/s 10 (23C), 12A, 12AB, 35(1) (ii)/(iia)/(iii) and 80G of the IT Act||30.06.2021||31.03.2022|
|2.||The application in Form No. 10B for registration of approval of Trusts/Institutions Research Associations etc.||Section 10(23C), 12A or 80G||28.02.2022||31.03.2022|
Frequently Asked Questions- FAQs
What is 12AB Registration?
Finance Act 2020 has introduced a new “Section 12AB” for significant changes in compliance and registration procedures of Religious and Charitable Trusts/institutions. Under the new regime, amendments of Section 10(23C), Section 11, Section 12A, Section 12AA, Section 80G, and insertion of a new Section 12AB were proposed.
Under the new registration regime brought in by Finance Act 2020, the Concept of Perpetuity has been done away with i.e. “All the existing charitable trust or institutions registered under section 12A, section 12AA and 80G of the Income Tax Act”, will have to apply afresh for registration on or before the 12AB Registration Due Date which is 01.01.2022 till 31st January 2022.
What are the documents required for 12AB Registration?
The application for registration under section 12AB of the Income Tax Act can be made by filing Form 10A or 10B online on the Income Tax Portal. Following are the list of documents required for 12AB registration (For Form 10A or 10B filing)-
Registration CertRegistration Certificate and MOA/Trust deed (2 self-attested copies by the Managing Trustee)
NOC copy from the Landlord in case of the rented property.
Utility Bill Copy e.g. Electricity Bill, Water Bill, House Tax, etc. for the owned property.
Copy of PAN Card of Trust.
Evidence of welfare activity carried out and progress report of the same for the last 2 years or since inception.
Books of Accounts, Balance Sheet, ITR (If Any) of the last 3 years or since inception.
List of Donors with their PAN and Aadhar.
List of Governing bodies or members of the trust/Institution with the following details-
Trust Deed for verification of the original registration certificate, FCRA Registration Certificate (if any), and MOA.
Self-certified copy of existing order granting registration u/s10/12A/12AA/12AB/80G.
Self-certified copy of an order rejecting of application for grant of registration u/s10/12A/12AA/12AB/80G. (if any)
Activity report since registration or last three years.
Self-certified copies of the annual accounts with audit report since registration or of last three years.
Amount of expenditure incurred for religious activities since registration or of last three years.
Any other documents or information as asked by the department.
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken based on the above article.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)