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of <h1>Govt Maintains Status Quo for Charitable Trusts' Tax Assessment Until March 1990; Defers New Deduction Rules.</h1> The circular clarifies the assessment of charitable or religious trusts and scientific research associations under the Income-tax Act, following amendments by the Direct Tax Laws (Amendment) Act, 1987. Due to numerous representations and discussions, the government announced that existing provisions would remain effective until March 31, 1990, maintaining the status quo for assessment year 1989-90. This includes sections related to income exemptions, deductions, and filing requirements for charitable entities. The implementation of new sections, such as 80F, concerning deductions for charitable purposes, is deferred, ensuring no changes in the current assessment year.
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