What Is Box 12A for on W2?
These organisations could be in the form of a Trust, Society, or Section 8 Company, but it is essential for them to be registered under Section 12A of the Income Tax Act, 1961 to claim the exemption. The non-profit entities do not work for profit, rather for the welfare of the people and the society, and are hence, non-profits.
How to register you / s 12A of Income Tax Act 1961?
After sharing the last two articles ‘ Concept of NGO and Income Tax Provisions ‘ and ‘ Benefits of Registration u/s 12A of the Income Tax Act’ 1961 ’ I have received many queries regarding procedure for registration u/s 12A. In this article, we are solely discussing Procedure for Registration u/s 12A of the Income Tax Act’ 1961.
