The proposed amendment rationalizes the timelines for funds or ...

Proposed amendment rationalizes timelines for 80G approval applications, preventing unintended exit. Streamlines process for charitable donations & tax deductions.

Notes Bill

August 2, 2024

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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The proposed amendment rationalizes the timelines for funds or ...

Proposed amendment rationalizes timelines for 80G approval applications, preventing unintended exit. Streamlines process for charitable donations & tax deductions.

Notes Bill

August 2, 2024

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