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Showing posts from March, 2022

The Last Date for Renewal of Registration under 12AB, 10(23C) and 80G is 31ST MARCH,2022

  Extension of due date for Renewal of Registration under 12AB, 10(23C) and 80G NGO [ TRUST, SOCIETY, SEC 8 COMPANY ] GETS INCOME TAX EXEMPTION IF THE SAME IS REGISTERED U/S 12AB, 10(23C). IF NGO FAILS TO GET FRESH REGISTRATION OR IF ALREADY REGISTERED U/S12AA, RE-REGISTRAION , THEN, NGO WILL LOOSE TAX EXEMPTION. THE NGO REGISTERED U/S 80G WILL HAVE TO TAKE FRESH REGISTRAITON BEFOE 31/03/2022 The Ministry of Finance vide Circular No. 16 dated 29 th  August, 2021, has extended the due dates for various compliances under the Income Tax Act, 1961 in view of the genuine hardship faced due to the pandemic. One of the significant changes for the NGO sector is that the last date for  revalidation of registration under 12AB, 10(23C) and 80G of the Act has been further extended from 31 st   August 2021 to 31 st  March 2022.    ALL NGO NEED TO CHECK ABOUT THE FRESH REGISTRATION  TAKEN OR NOT TO AVOIDE LOSS OF TAX EXEMPTIONS…………………………………………………………………………………………… …….