Rationalisation of timelines for disposing applications made by trusts or funds or institutions, seeking registration for exemption under section 12AB or approval under section 80G (Rationalisation of the provisions of Charitable Trusts and Institutions)

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Full Text of the Document

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....NANCE (No.2) Bill, 2024 Applications seeking registration under section 12AB, filed by trusts or institutions, are required to be processed by the Principal Commissioner or Commissioner within a period of six months from the end of the month in which the application was received. 2. Similarly, the applications of funds or institutions referred to in sub-clause (iv) of clause (a) of sub-section (....