The charitable and religious trusts, educational institutions, and hospitals in India need to obtain certain registrations under Section 12A, 10(23C), or Section 80G of the IT Act. To apply for these registrations, the trusts and institutions are required to submit Form 10A.
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For your better understanding as a taxpayer, let us learn more about Form 10As.
The Income Tax Act of 1961 mandates various trusts and institutions to fill out Form 10A to apply and register under Section 12A, 12AA, 10(23C), and 80G of the ITA.
What Form 10A Entails?
Earlier, Form 10 and Form 10G were required to register under Section 80G. Form 10A replaced these forms.
Already approved trusts need to fill out Form 10A to apply for re-registration.
For Trusts Applying for Fresh Registration:
Newly created trusts need to fill out Form 10A to apply for provisional registration
Apply for fresh registration 13 months before the Assessment Year in which seeking approval
The registration is valid for up to 3 years.
Apply for re-registration 6 months before the completion of this period.
Trusts now have to register under the newly added Section 12AB in place of Section 12AA from 1st April 2021.
The table below mentions the criteria for Sec 10A:
IT Act, 1961
|Who Can Apply
Form 10A consists of six sections that require you to fill in the below-mentioned details related to the trust:
Registration and incorporation
Assets and liabilities
Religious activities of the trust
Details of the Changes Introduced in Filing of Form 10A:
Fill details section-wise and save them simultaneously
Mandatory to give details of the date of incorporation or registration
Immediate submission of proofs of annual accounts for 3 financial years is not mandatory
Let us go through the steps you may anticipate while online filing the Form 10A:
Step 1: Go to the newly created portal of the Income Tax Department at www.incometax.gov.in
Step 2: Select the option “e-File”
Step 3: Click on “Income Tax Forms”
Step 4: Press on the option “File Income Tax Forms”
Step 5: Select “Persons not dependent on any source of income”
Step 6: Under the head “Tax Exemption and Relief”, Form 10A is available
Step 7: Click on “File Now” for the Form 10A
Step 8: Fill in all the required details and attach all the appropriate documents along with the form
Step 9: Select the Assessment Year for which you want to apply for the tax exemption under Form 10A
Step 10: Click on “Continue” after filling in all the information
Step 11: Press on “Let’s get started”
Step 12: Attach a digital signature of a trustee and an e-verification code to complete the form submission
Along with Form 10A, the following list of Self-Certified documents is required to be filled out:
Memorandum of Association (MoA) or Trust Deed: 2 copies
Certificate of Registration
Documents of any post-registration changes
Existing registration certificates of Section 12A, 10 (23C), and 80G
Previous rejection orders under Sec 12A, 10 (23C), and 80G
Foreign Contribution (Regulation) Act (FCRA) certificate (if any)
Proof of annual accounts for 3 financial years or since the year of incorporation
Here is a list of all the information needed to be filled in while filing the form under Sec 10A:
Name of the organisation
Type of trust: religious or charitable institution
Contact number of the managing trustee
PAN card number of the trust management
Aadhaar number of trust management
Digital signature of one trustee
Activities performed by the institution or trust
Goal of establishing the trust/ NGO/ institution
The Income Tax Act of 1961 provides various deductions and exemptions to taxpaying individuals, institutions, and companies. Charitable trusts, NGOs, and educational and religious institutions accept donations and funds for non-profit purposes of directly contributing to society. They can claim tax deductions on the income they have earned from various domestic and foreign sources. The Commissioner reviews the supporting documents and approves the application upon satisfaction.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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