Section 12AB Of Income Tax Act
Registration of Charitable/religious trust under section 12AA (the registration of trust w.e.f 01st June 2020 will be governed by Section 12AB), Section 10(23C), Section 80G of the Income Tax Act, 1961. Income Tax Advisory Service Union Budget 2020 has proposed significant changes in Taxability and compliance procedures of Charitable/religious trust registered under section 12AA of…