All About Form 10AB: The finance act, 2020 has initiated a law where all the trusts in the current scenario need to face there-registration beneath section 12A and section 80G and the re-approval U/s 10 (23C) and Section 35 (1). For providing an effect towards the same the latest section 12AB has started with effect from the date 1st April 2020 which deals with the process of registration. Before that, the trusts or institutions were enrolled beneath section 12AA or beneath section 12A. Now all these trusts would be demanded to get themselves enrolled u/s 12AB. Now the income tax department would provide the unique enrollment number to all the charitable and religious institutions that give a public database of all these trusts and institutions. One of the major essential specifications of the new provision which provides the advantage to the assessee is that the provisional registration would be furnished for the duration of 3 times without any disquisition by the men
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