Adding branch account details for exemption u/s 12a of income tax
A registered charitable institution, while applying for tax exemption u/s 12a of income tax the accounts details of their branch has not been mentioned and got the exemption u/s 12 a. is it possible to include the branch account details now and if so what is the procedure and also if the branch accounts are included is there possibility of losing the income tax exemption given to the parent body
Asked 6 months ago in Income Tax from Greater Mumbai, Maharashtra
PROVISION FOR INCLUSION OF BRANCH ACCOUNT DETAILS AND PROCEDURE FOR INCLUSION OF BRANCH ACCOUNT DETAILS
Asked 6 months ago
I don't think there is any need to add branch account details. The amedment in law is in respect to mandatory updation in registration for change in objects of trust.
There is no need to add branch account details now.
Please let us know as to why such disclosure needs to be done. That should not be required.
Sorry, I am not much familiar with taxation of trust.
Sorry not an expert in the matter.