The Central Board of Direct Taxes (CBDT) has Issued Notification regarding re-registration under section 12A by Charitable trusts and institutions after amendment of objects
Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A of the Income-tax Act, 1961 to the effect that where a trust or an institution, which has been granted registration under sections 12A or 12AA of the Act has subsequently adopted or undertaken modification of the objects and such modification does not conform to the conditions of such registration, then such trust or institution shall be required to obtain registration again by making an application within a period of thirty days from the date of such adoption or modification of the objects.
The CBDT has issued a draft notification to amend Rule 17A and Form 10A and has invited comments from stakeholders and the general public.
Click on the following two links to read CBDT’s Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962 and inviting comments and suggestions thereof:
CBDT has invited comments and suggestions of stakeholders and general public on the above draft notification which may be sent electronically by 27th October, 2017 at: firstname.lastname@example.org