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This document details the registration order for institutions under the Income Tax Act, covering tax obligations and compliance for the assessment years 2022-2027.
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What is form no 10ac?
Form No 10AC is a form used in India for obtaining approval from the Income Tax Department for charitable or religious donations to be eligible for tax deductions under Section 80G.
Who is required to file form no 10ac?
Organizations that want to receive tax-deductible donations under Section 80G must file Form No 10AC with the Income Tax Department.
How to fill out form no 10ac?
To fill out Form No 10AC, organizations need to provide their details such as name, address, PAN, and specify the nature of the charitable work. They also need to submit supporting documents as required.
What is the purpose of form no 10ac?
The purpose of Form No 10AC is to establish eligibility for receiving donations that can be claimed as tax deductions under Section 80G of the Income Tax Act.
What information must be reported on form no 10ac?
Form No 10AC requires information such as the organization's name, address, PAN, nature of charitable activities, and details of the governing board or managing committee.
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