Trust 12AB, 80G and Tax Compliance Guide
Track exemption approvals, ITR-7 and donor reporting.
Track exemption approvals, ITR-7 and donor reporting. Use the sections below to understand the practical decisions, records and compliance points before taking action.
Track approvals separately
Maintain 12AB and 80G orders, validity, conditions and action dates separately.
Prepare return data
Map income, application, accumulation, corpus, investments and specified disclosures for the applicable return.
Coordinate audit reporting
Use the current audit report form based on applicable facts and thresholds.
Validate donor data
Capture prescribed identifiers, amount, date, mode and donation category at receipt.
File donation statement
Where applicable, reconcile and file Form 10BD and issue Form 10BE from accepted data.
Monitor post-filing status
Preserve acknowledgements and respond to defects, notices or reporting corrections.
Official References
Rules and portal requirements can change. Review the current official material relevant to the proposed company.
This article provides general information and is not a substitute for legal, tax or investment advice. Applicability should be reviewed for the proposed entity and current law.