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This document grants provisional approval to the Alumni Association for tax purposes under section 80G, effective from 10-03-2023 to AY 2025-2026.
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What is form no 10ac?
Form No 10AC is a tax form used in India for applying for a registration or approval under section 80G of the Income Tax Act, which allows donations to certain funds and charitable institutions to be deducted from taxable income.
Who is required to file form no 10ac?
Organizations or institutions that are seeking registration or approval under section 80G of the Income Tax Act are required to file Form No 10AC.
How to fill out form no 10ac?
To fill out Form No 10AC, the applicant needs to provide details such as the name, address, and PAN of the organization, along with information pertaining to the activities, financials and the nature of the organization, and then submit it to the relevant income tax authority.
What is the purpose of form no 10ac?
The purpose of Form No 10AC is to apply for approval or registration under section 80G of the Income Tax Act, allowing organizations to receive tax-deductible donations from donors.
What information must be reported on form no 10ac?
Form No 10AC requires reporting information such as the applicant's name, address, PAN, details about its charitable activities, and its financial statements.
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