The procedure for obtaining 12A Registration involves the following steps:
Submission of Application
As mentioned above, the assessee must apply in the prescribed format online. The application should contain all the necessary details and supporting documents.
Request for Additional Information
After the application is submitted, the Commissioner may request the applicant to provide additional information or documents. This request ensures the genuineness of the activities undertaken by the trust or institution.
Approval and Written Order
If the Commissioner is satisfied with the application and supporting documents, a written order is passed stating that the assessee is eligible to obtain Registration under Section 12A. The written order is then forwarded to the assessee.
The Privilege of Registration
Upon receiving the written order, the assessee can avail of the Registration privilege under Section 12A. This Registration grants the entity the benefits and exemptions associated with Section 12A.
Rejection of Application
If the Commissioner is unsatisfied with the application or finds any deficiencies, they have the right to reject it. In such cases, the assessee will be informed about the reasons for the rejection.