Eligibility expansion for charitable contributions: residents (non-company) qualify and approval authority shifts to the Board. Amendment expands eligibility for the Section 80N deduction to resident persons other than companies and substitutes the Board as the approving authority; ... Summary
Eligibility expansion for charitable contributions: residents (non-company) qualify and approval authority shifts to the Board.
Amendment expands eligibility for the Section 80N deduction to resident persons other than companies and substitutes the Board as the approving authority; applications must be made to the Board before the 1st day of October of the relevant assessment year, and agreements approved by the Central Government before 1 April 1972 need not obtain fresh Board approval while pending applications are transferred to the Board for disposal.
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