Amendment of section 12A

Section 9 of the Finance Act, 2017 deals with amendment of section 12A. Amendment of section 12A. 9. In section 12A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2018,— (i) | after clause (aa), the following clause shall be inserted, namely:— "(ab) | the person in receipt of the income has made an application for registration of the t The Act was enacted on 17 Apr 2017.

Amendment of section 12A.

9. In section 12A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2018,—

(i)

after clause (aa), the following clause shall be inserted, namely:—

"(ab)

the person in receipt of the income has made an application for registration of the trust or institution, in a case where a trust or an institution has been granted registration under section 12AA or has obtained registration at any time under section 12A [as it stood before its amendment by the Finance (No. 2) Act, 1996 (33 of 1996)], and, subsequently, it has adopted or undertaken modifications of the objects which do not conform to the conditions of registration, in the prescribed form and manner, within a period of thirty days from the date of said adoption or modification, to the Principal Commissioner or Commissioner and such trust or institution is registered under section 12AA;";

(ii)

after clause (b), the following clause shall be inserted, namely:—

"(ba)

the person in receipt of the income has furnished the return of income for the previous year in accordance with the provisions of sub-section (4A) of section 139, within the time allowed under that section.".

Section 9, The Finance Act, 2017.