Question ID :
40775
RWA sec 12A
Whether a Resident Welfare Association can get Registration u/s 12A
Posted by
AJAY JAIN
on
Aug 15, 2020
Filed Under
DIRECT TAXES
Answer ID :
81283
Under Section 12A of the Income Tax Act, 1961, non-profit organisations like charitable trusts, welfare societies, NGOs, religious institutions, etc. are entitled to tax exemptions. This tax relief was introduced, keeping in consideration that non-profit entities work for social welfare and not for generating profit
Posted by
Hari Beldona on
Aug 30, 2021