Extension of Registration Procedure under section 12AB of The Income Tax Act 1961.

Last Date of Section 12AB Registration

Finance Act 2020, has introduced a new “Section 12AB” for significant changes in compliance and registration procedure of Religious and Charitable Trusts/institutions, etc. 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.