Renewal of 12AA and 80G

Posted on May 10, 2021 by SRRF

Greetings !

Our NGO, a section 8 co, has 12AA certificate. Didn’t have 80G as we never applied for. Hence no question of rejection. Now we are applying for revalidation of 12AA, I couple of queries:

1) Shall we apply for12AA and 80G together or
2) Shall we first wait for approval of 12AA and then apply for 80G, Please guide.

Regards,

for Human Hope Foundation

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9 Responses to Renewal of 12AA and 80G

  1. SRRF says:
    July 29, 2021 at 1:33 pm

    Dear Members

    Most awaited online Form 10A now available on Income Tax portal, you may access the same by ‎visiting to Income Tax portal (https://www.incometax.gov.in/iec/foportal) and follow the steps ‎given below:‎

    • Log in to the E-filing portal of the IT department.
    • Go to the ‘Income Tax Forms’ under the e-File tab.‎
    • Choose the Form Name as ‘Form 10A’ and select the relevant Assessment Year from ‎‎the drop-down list.‎
    • Choose the ‘Prepare and Submit Online’ option in the submission mode.‎
    • Fill in all the details required in the form and attach the applicable attachments.‎
    • Submit the form using EVC (Electronic Verification Code) or Digital Signatures as ‎‎required during return filing.‎

    However still problems in filing of Form 10A through Digital Signatures, so you may have to use EVC ‎only.

  2. Ajit P. Naik says:
    July 14, 2021 at 6:55 am

    Sir,

    The vital issue is that Form 10A, 10B are still not available for e filing on the new efiling portal despite that more than a month has passed since the new e filing was launched. In fact many applicants have filled this forms on line with required details , only some details are pending meanwhile this issue of glithches has started which remains unresolved till date. The stalemate has to be resolved at the earliest.

    Ajit P. Naik

  3. CA Ravi Prakash Sah says:
    July 12, 2021 at 9:40 am

    Unavailability of Original 12A certificate:

    Amdended Rules requires uploading of certified copy of 12A registration certificate.However, there are multiple institutions which were granted registration almost 45 years back and either the certificate has got badly mutilated or lost.But, in Assessment orders U/s 143(3) since beginning factum of registration is mentioned.How such institutions will upload the certificate or there will be any other remedy for the same?

    Regds.

    CA Ravi Prakash Sah

    • Subhash Mittal says:
      July 13, 2021 at 12:23 pm

      This is a practical problem being faced by many and a practical solution has to be found. Please give 12A Order reference in your application and attach an affidavit stating that the Order has been lost / destroyed. If possible you can give a photocopy of the order, indicating in the Affidavit that original has been destroyed, but True Copy of the same is attached. I feel there is no other way, you can comply. In case the Dept. still rejects your application, you may need to go in for an appeal against such rejection.

  4. WILLIAM STANLEY says:
    July 2, 2021 at 10:24 am

    Greetings!

    Please assist us by clarifying our query as given below:

    What are the procedures for selling the Immovable asset purchased out FCRA funds under IT and FCRA, thanks, Stanley

  5. B V Soma Sastry says:
    June 29, 2021 at 12:19 pm

    Dear Sir/Madam,

    Please note that we have to draw a distinction between renewal and fresh application. In your case, the 12A is renewal which needs to be filed as per the latest amendments to the Finance Act. In case of 80G you will have to go for a fresh application.

    Thanks and regards,

    B V Soma Sastry

  6. Subhash Mittal says:
    June 28, 2021 at 12:30 pm

    You can apply for both. Of course in case of 80G, most likely you will be initially issued a provisional certificate. You will need to apply again for a regular certificate within 6 months thereafter.

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