Sir,
Clarification required regarding Form 10 AC, 12 A Certificate for taking up projects under CSR through Implementing partner NGO.
Are these certificates Same or are they different
Thanks & Regards
CSR officer
Mugma Area
Eastern Coalfields Limited
If any entity has missed to apply for renewal of registration u/s 12 AB by 31.05 22, can it apply now???
Your query is quite wide and difficult to answer, but let me try.
Form 10AC : It is an order intimating about an NGO’s registration under S.12AB. It could be for provisional approval in case of new entities or registration under S.12AB (new registration section) in case of renewal cases.
12A: Section 12 A under Income Tax Act basically prescribes conditions for claiming of relief under Sections 11 & 12 from Income Tax. Generally till recent changes Income Tax exemption certificate was rec’d using procedure prescribed under S.12AA, and hence everyone talked of either 12A or 12AA certificate. Now the registration is under new section 12AB. In common parlance, all of these signify registration under Income Tax Act to exempt an NGO from Income tax Act. Of course one has to ensure compliance of S.11 conditions to receive these exemptions.