Get Form 56d

Filing of Form 10 by a trust or institution who seeks exemption u/s 11 or u/s 12 is required when it wants to accumulates income . Thus section 11(2) of the Income Tax Act makes it mandatory for all persons claiming tax exemption us.

56D. [Application for grant of exemption or continuance thereof under section 10(23C)(vi) and (via) for the year]

One such provision is Section 10A of the IT Act, which seeks to promote and boost new business undertakings situated in free trade zones by providing suitable deductions. It provides for a 100 percent deduction of profits and gains derived by undertakings engaged in export of articles or computer software.

Section 12A registration is one time exemption obtained by most Trusts, right after incorporation to be exempted from paying income tax. Trusts and NGOs having 12A registration enjoy exemption from paying income tax on the surplus income of the Trust or NGO. Income tax exemption is available for all non-profit NGOs.

1 crore is governed by Section 10(23C)(vi) which states that income earned by any university or other educational institution existing solely for educational purposes and not for purposes of profit, other than those mentioned in sub-clause (iiiab) or sub-clause (iiiad), shall be exempt if they are approved by the ...

Under Section 12A the Income-tax Act, 1961, Form 10A is required for making an application for registration of a charitable or religious trust or institution. One can file Form 10A online by simply visiting the E-filing website of the income tax department.

Step 1 - Log on to ' E-filing ' portal through https://incometaxindiaefiling.gov.in/ Step 2 - Go to " E-file" menu located at the upper -left side of the page and click on 'Income Tax Forms' Step 3 - Select Assessment Year and Form 10A from drop down list .