Last updated: July 7th, 2023 11:35 AM
Comprehensive Guide to Form No. 10A - Trust Re-registration Process
Form 10A is an essential document for the re-registration of trusts in India. It is a crucial procedure that trusts, or organizations must adhere to maintain their activities' legality and validity. Re-registering a belief is necessary to ensure compliance with the Government's rules and regulations. Failure to comply with the requirements can lead to penalties and legal consequences. The Finance Acts of 2020 and 2021 introduced amendments to the laws governing the registration and authorization of trusts under the Income Tax Act of 1961. Section 12AB was added to enhance the effectiveness of trust registration. According to the amendment, trusts must transition from the previous Section 12AA to the new Section 12AB and obtain a new registration. In this article, we will explore the mandatory requirement of filling out Form 10A for trust registration and discuss the process for its completion.The Legal Framework of Trusts in India
The British colonial administration in India adopted the Indian Trust Act of 1882 to establish a legal framework for creating and administrating
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