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CBDT Clarification on approvals u/s 10(23C) and 80G(5)

Posted on 09 November 2010,    
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CBDT Clarification on approvals u/s 10(23C) and 80G(5)

 

No.402/92/2006-MC (47 of 2010)

Government of India / Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

***

 

New Delhi dated the 3rd October 2010

 

 

The Central Board of Direct Taxes (CBDT) has clarified vide Circular No.7/2010 that the approvals under sub-clause (vi) and (via) of section 10(23C) granted on or after 1.12.2006 shall be valid until withdrawn.

 

The CBDT has further clarified that the approvals under clause (vi) of subsection (5) of section 80G granted on or after 1.10.2009 shall be valid until withdrawn.

 

These approvals will be one-time approvals unless withdrawn by the income-tax authority empowered to grant them.



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