TaxTMI 
TaxTMI 
What is time limit for renewal of registration under section 12A/AA and 80G as per provision of Finance Act 2020
Time limit for renewal of registration under section 12A/AA and 80G
05 Oct 2020 
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Time-limited registration validity requires periodic renewal, effective from June 2020 under Finance Act reforms for charities.
Under the Finance Act 2020 amendments, charitable tax registrations have a fixed validity of five years and must be renewed periodically; the renewal compliance regime commenced on June 1, 2020, creating an ongoing obligation for registered entities to apply for renewal to retain their exemption status. (AI Summary)
Under the Finance Act 2020 amendments, charitable tax registrations have a fixed validity of five years and must be renewed periodically; the renewal compliance regime commenced on June 1, 2020, creating an ongoing obligation for registered entities to apply for renewal to retain their exemption status. (AI Summary)
