Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Approval requirement for tax exemptions: prescribed application and authority vetting now condition exemption for charitable and institutional entities. Section 10 is amended to make exemption under clause (23C) conditional on prior approval by the Principal Commissioner or Commissioner after prescribed ... Summary
Approval requirement for tax exemptions: prescribed application and authority vetting now condition exemption for charitable and institutional entities.
Section 10 is amended to make exemption under clause (23C) conditional on prior approval by the Principal Commissioner or Commissioner after prescribed application, with specified filing windows for previously approved, expiring, provisionally approved and new entities; the authority may call for documents, verify genuineness and legal compliance, grant five year approvals or provisional three year approvals, reject and cancel approvals after hearing, and must decide within prescribed timeframes. The audit reporting requirement for entities crossing the non taxable threshold is moved to the specified date under the audit provisions.
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