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Exemption under section 80 G

Tax queries 397 views 1 replies

We are a NGO with exemption under 80 G granted in 2007. As per the order with us, the exemption was vaild till 31/3/2010. We have been told that under new rules, this exemption is now valid indefinitely ( ie till revoked). Queries are:

1. Is the above assumption correct?

2. What is the reference to this new order?

 

T P Bhandri

Replies (1)

Yes, the organisations eligible under 80G are exempted from getting renewed. I didn't find the reference but the recent Finance Act has made the ammendement in this regard.


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