Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New Rule 18AAAAA Sets Criteria for Sports Associations to Qualify for Section 80G(2)(c) Tax Benefits</h1> The Income-tax (26th Amendment) Rules, 2002, effective upon publication in the Official Gazette, introduce Rule 18AAAAA to the Income-tax Rules, 1962. This rule outlines criteria for associations or institutions to qualify for notification under section 80G(2)(c) of the Income-tax Act, 1961. The criteria include objectives related to sports promotion, a proven record of dedication to sports infrastructure development, non-distribution of income to members, application of donations for sports development, regular account maintenance, and consistent income tax return filing. Notifications are valid for up to three assessment years.