To apply for 80G exemption
This query is : Resolved
09 June 2020
Sir,
A trust, which has been registered in April 2019 and involved in social activities likes to apply for
80G exemption with the Income tax department for the donations it may receive in future.
We came to know that, preceding 3 years' IT return is essential to apply for 80G exemption. Is
it true ? And if so, is there any other alternative for this trust, which is merely a year old, to apply for this exemption.
Kindly advice.
With Regards.
A trust, which has been registered in April 2019 and involved in social activities likes to apply for
80G exemption with the Income tax department for the donations it may receive in future.
We came to know that, preceding 3 years' IT return is essential to apply for 80G exemption. Is
it true ? And if so, is there any other alternative for this trust, which is merely a year old, to apply for this exemption.
Kindly advice.
With Regards.
09 June 2020
Not true, as per recent amendment apply now. Approval shall be granted provisionally for a period 3 years from the assessment year from which the registration is sought.
10 June 2020
Sir, Thank you very much.
10 June 2020
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