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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Union Budget 2024-25: Faster Processing for Trusts' Applications u/ss 12AB and 80G, Effective October 2024.</h1> The Union Budget 2024-25 proposes amendments to streamline the processing timelines for applications by trusts, funds, or institutions seeking registration under section 12AB or approval under section 80G. The Principal Commissioner or Commissioner must process these applications within six months from the end of the quarter in which they were received. This change aims to enhance administration and monitoring. The amendments, affecting provisionally registered or approved entities applying for further registration or approval, will be effective from October 1, 2024, ensuring decisions are made within the specified six-month period.
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