Revalidation of 12A/12AA and 80G for Trusts and NGO
Revalidation of 12A/12AA and 80G for Trusts and NGO The Central Board of Direct Taxes, on the 26th of March 2021, notified the much-awaited forms, procedures, and required list of documents for organisation who are holding registration under section 12A/12AA/10(23)/35/80G(5).The Income-tax (6th Amendment) Rules, 2021 shall come into force from 1st April 2021.For Who: NGOs already registered under section 12A or 12AA or 10(23) and have an 80G certificate must file form 10A. This form shall be furnished electronically and verified using a digital signature or through an EVC as applicable.Forms: The person who’s authorised to verify the income tax returns shall verify the Form 10A.By when:Organisations with existing registrations under section 12A/12AA shall file the application within three months from the 1st day of April 2021. (i.e. before 30th…