Trust Registration Income Tax
INCOME TAX - REGISTRATION PROCEDURE
An NGO can apply for such exemptions under section 10(23)(c)(iv).
In order to claim exemption, an application in Form No. 56 is to be submitted to the Director General (Income Tax Exemption), Calcutta through the Commissioner of Income-Tax having jurisdiction over the Trust or Institution in four copies alongwith the following documents :
a) copies of the Deed of Trust/Rules and Regulations/Memorandum and Articles of Association ;
b) a List of Members of the Governing Council/Body ;
c) photocopies of the latest certificate under Section 80G issued by the Commissioner of Income Tax, if applicable ;
d) photo-copies of the assessment orders passed for the last three year (or to the extent applicable)
e) photocopy of communication from the Commissioner of Income Tax with reference to the application of the Fund/Trust/Institution for registration.
CONDONATION OF DELAY
13 The application for registration should be made within one year from the date of creation of Trust. If application is filed after the period as said, then the Chief Commissioner or Commissioner can condone the delay after satisfying himself that sufficient reasons exist for delay. If condonation of delay has not been granted by the Commissioner, then the Trust or Institution would be eligible for exemption from the first day of the financial year in which the application is filed.
14 The power empowering the authority concerned to condone the delay, in case of Trust or Institution who makes an application before the expiry of one year from the date of creation of the Trust or the establishment of the Institution, whichever is later, still remains as it was before, as such authority concerned have power under the circumstances to condone the delay, after satisfying the reasons for delay and for reasons recorded in writing.