Wednesday, February 16, 2011

'Charitable Trust' status received

PNLIT received the status of 'Charitable Trust' from the Income Tax Department vide a certificate dated 11-Feb-2011. 

Registration u/s 12AA of the I.T. Act 1961 has been granted w.e.f. Assessment Year 2011-2012 in the status of Charitable Trust, at No. DIT(E)BLR/12AA/P-429/AABTP7792D/ITO(E)/Vol 2010-11. Therefore, subject to the fulfillment of conditions laid down in sections 11 to 13 of the I.T. Act 1961, the trust is eligible for income tax exemption. 

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