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of <h1>Proposed Changes to Section 80G Offer More Flexible Timelines for Tax-Deductible Donation Approvals Effective October 2024.</h1> The Union Budget 2024-25 and Finance Bill propose amendments to section 80G of the Act, which governs the approval process for funds or institutions to receive tax-deductible donations. Currently, section 80G outlines specific timelines and procedures for filing applications for approval. However, some funds or institutions struggle to meet these deadlines, risking permanent loss of approval status. The proposed amendments aim to rationalize these timelines, ensuring more flexibility for filing applications. These changes are set to take effect on October 1, 2024.
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