https://www.taxtmi.com/article/detailed?id=8931 The proposal requires entities receiving donations to file a statement and issue certificates to donors so that donor deductions are permitted only when the donee has furnished the prescribed statement; noncompliance attracts fee and penalty. It establishes a one-to-one reconciliation mechanism for donations and conditions exemption or approval regimes on registration status, making registrations inoperative unless revalidated, provides provisional registration for new applicants for a limited term, and restricts cash donation deductions to a capped sum. en-us Sat, 01 Feb 2020 19:07:00 +0530 Mon, 03 Feb 2020 09:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8931 The proposal requires entities receiving donations to file a statement and issue certificates to donors so that donor deductions are permitted only when the donee has furnished the prescribed statement; noncompliance attracts fee and penalty. It establishes a one-to-one reconciliation mechanism for donations and conditions exemption or approval regimes on registration status, making registrations inoperative unless revalidated, provides provisional registration for new applicants for a limited term, and restricts cash donation deductions to a capped sum. Articles Income Tax Sat, 01 Feb 2020 19:07:00 +0530 https://www.taxtmi.com/article/detailed?id=8931