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Volume 45 (2015)Pennsylvania Bulletin Repository2142015February 14, 2015 (Pages 759852) Pennsylvania Legislative Reference BureauFollow this and additional works at: https://digitalcommons.law.villanova.edu/pabulletin
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Online Form No 10B is a document used in India for the purpose of filing income tax returns by trusts and institutions claiming exemption under Section 12A of the Income Tax Act.
Trusts and institutions that are registered under Section 12A of the Income Tax Act and wish to claim tax exemption must file Online Form No 10B.
Online Form No 10B can be filled by visiting the Income Tax Department's e-filing portal, selecting the form, and inputting the required details, ensuring accurate financial data and compliance with specified guidelines.
The purpose of Online Form No 10B is to enable trusts and institutions to report their income and expenses, thereby allowing the Income Tax Department to verify their eligibility for tax exemptions.
Form No 10B requires reporting of details such as the trust's name, registration number, financial details, income and expenditure statement, and adherence to the guidelines set forth by the Income Tax Act.
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