FAQ - 12AB Registration | NewTaxAge

1. What is 12AB Registration?

12AB Registration allows charitable organizations, trusts, and NGOs to register with the Income Tax Department to avail tax exemptions and benefits. It replaces the older 12A system, offering easier compliance and eligibility for tax-deductible donations.

2. Who needs to apply for 12AB Registration?

Any charitable trust, NGO, or religious institution seeking tax exemptions and benefits under Sections 12A and 80G must apply for 12AB Registration. Organizations already registered under 12A must renew their registration under 12AB every 5 years.

3. How is 12AB Registration different from 12A?

12AB Registration is an upgraded version of 12A, valid for 5 years and requiring periodic renewals. It simplifies the process, making it easier for organizations to stay compliant with tax laws.

4. What benefits come with 12AB Registration?

12AB Registration provides tax exemptions on income, eligibility for receiving tax-deductible donations, and enhanced credibility with donors and funding agencies, making it easier to secure funding.

5. How do I apply for 12AB Registration through NewTaxAge?

Contact NewTaxAge for expert assistance. We handle everything from document collection to online submission, ensuring a smooth and compliant application process.

6. What documents are required for 12AB Registration?

You’ll need the organization’s PAN card, trust deed, bank details, address proof, list of trustees, and a self-declaration of compliance with applicable laws.

7. How long does the 12AB Registration process take?

The process typically takes 2-3 months, depending on document completeness and verification. At NewTaxAge, we ensure a swift and accurate submission to minimize delays.

8. Is 12AB Registration renewable?

Yes, 12AB Registration needs to be renewed every 5 years. We help manage the renewal process to keep your registration active and compliant.

9. What if my 12AB Registration is revoked?

If revoked, your organization will lose tax exemption and the ability to receive tax-deductible donations. NewTaxAge ensures compliance to avoid revocation and assist with any necessary resolution.

10. Can NewTaxAge assist with 12AB Registration?

Yes, NewTaxAge offers full support in the 12AB Registration process, ensuring all documents are in order and the application is submitted correctly for tax exemptions.