Ct 247 2026

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The document CT-247 is an application form for not-for-profit organizations seeking exemption from New York State corporation franchise taxes. It outlines the eligibility criteria, including being organized as a not-for-profit, not issuing stock, and ensuring that no part of net earnings benefits any individual associated with the organization. The form requires detailed information about the organization, its activities, and its federal tax status. Additionally, it provides instructions on filing the application and obtaining refunds for any erroneously paid taxes.

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Click ‘Get Form’ to open the CT-247 in the editor.
Begin by entering the legal name of your corporation and its Employer Identification Number (EIN) in the designated fields.
If your mailing name differs from the legal name, provide that information along with your address details including city, state, and ZIP code.
Indicate your NYS principal business activity and the date from which you are claiming tax exemption.
Select the form of organization by marking an X in the appropriate box (Corporation, Association, Trust, etc.).
Answer questions 1 through 7 by marking Yes or No as applicable. Ensure to provide additional details where required.
Complete the certification section by signing and providing contact information for both the authorized person and any preparer involved.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (146 Votes)
2015	4.3 Satisfied (60 Votes)
2013	4.4 Satisfied (68 Votes)
2012	3.9 Satisfied (37 Votes)
2011	3.9 Satisfied (35 Votes)
2010	3.9 Satisfied (33 Votes)
2009	4.2 Satisfied (78 Votes)
2008	4.3 Satisfied (44 Votes)
2002	4.9 Satisfied (40 Votes)
1991	4.4 Satisfied (32 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the maximum income tax rebate exemption?

The rebate limit for FY 2025-26 (effective from 1st April 2025) has been increased from Rs. 25,000 to Rs. 60,000. As a result, the marginal relief, which was earlier applicable to income slightly above Rs. 7,00,000, will now be available for income exceeding just over Rs. 12,00,000.

What is Section 24 of Income Tax Act 1961?

Under Section 24, a deduction of up to Rs. 2 lakh is available against self-occupied property for home loan interest repayment.

What is Section 247 of Income Tax Act 1961?

247 Where the partners of a firm are individually assessable on their shares in the total income of the firm, any such partner may appeal to the Appellate Assistant Commissioner against any order of an Income-tax Officer determining the amount of the total income or the loss of the firm or the apportionment thereof

What is Section 12 of the Income Tax Act?

Any voluntary contributions received by a trust created wholly for charitable or religious purposes or by an institution established wholly for such purposes (not being contributions made with a specific direction that they shall form part of the corpus of the trust or institution) shall for the purposes of section 11

How do I respond to income tax demand notice?

Log in to e-Filing portal and click Pending Actions Response to Outstanding Demand and you will be taken to Response to outstanding demand page. If there are demands outstanding against your PAN, the current status against each of the past / existing outstanding demands will be updated as Pending payment / Response.

form ct 247

CT 247 instructions Ct 247 form pdf Ct 247 form What is Form CT-247 Ct 247 pdf Ct 247 2021 Form 247 NY Form CT-2

What does it mean to be eligible for exemption?

If you qualify for tax exemptions, you dont have to pay taxes on certain types or amounts of income. In addition to personal and dependent exemptions, there are tax exemptions for charitable organizations and other qualifying organizations.

Where to file CT 3?

Where to file Form CT-3? Form CT-3 must be submitted to the New York State Department of Taxation and Finance.

What is the time limit for condonation of delay in income tax?

You must submit your condonation applications within five years from the end of the relevant assessment year. If you received a refund based on a court order, the five-year limit does not include the duration your case was pending in court. You have six months from the date of the court order to apply for condonation.