The proposed amendment rationalizes the timelines for funds or institutions to file applications seeking...

The proposed amendment rationalizes the timelines for funds or institutions to file applications seeking approval u/s 80G, which provides for deduction of donations to approved entities. It addresses situations where entities are unable to file applications within specified timelines, preventing unintended permanent exit from section 80G approval. The amendment aims to streamline the application process and timelines for approval u/s 80G, facilitating charitable donations and tax deductions. The amendments will take effect from October 1, 2024. .....

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