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Estate planning · Trust

Section 12A/12AB (now 332) registration: full tax exemption for charitable trust

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  1. Facts

    A charitable trust registered under Sec 332, Income-tax Act 2025 (old Sec 12AB) gets 100% exemption on income used for charitable purposes. Additionally, Sec 133 (old Sec 80G) registration allows donors to deduct 50% or 100% of their donation from their taxable income, making fundraising easier.

  2. Provisions and law

    • Income Tax Act 1961, Sec 11, 12A, Sec 12AB, 80G (now 332, 133)

  3. Analysis

    From April 2021: All trusts must re-register under the new Sec 12AB regime every 5 years. Provisional registration (3 years) given first; regular registration requires 3 years of activity and filing history.

  4. Conclusion

    1. Trust deed (registered)
    2. PAN of trust
    3. Bank account details of trust
    4. Activities report (Form 104, old Form 10A)
    5. 3 years ITR (for regular registration)

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