Timelines for disposing applications by trusts, funds, or ...

Faster processing for tax exemption applications from trusts/funds. 6 months from quarter-end, not month-end. Applies to new & renewal cases.

Notes Bill

August 2, 2024

Timelines for disposing applications by trusts, funds, or institutions seeking registration for exemption u/s 12AB or approval u/s 80G are rationalized. Applications will be processed within six months from the end of the quarter in which they were received, instead of six months from the end of the month. This applies to provisionally registered/approved entities applying for registration/approval and registered/approved entities applying for further registration/approval. The amendments take effect from October 1, 2024.

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Timelines for disposing applications by trusts, funds, or ...

Faster processing for tax exemption applications from trusts/funds. 6 months from quarter-end, not month-end. Applies to new & renewal cases.

Notes Bill

August 2, 2024

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