Quick Summary
New procedure for registration, approval, etc. of certain entities deferred to 1st October, 2020 In view of the unprecedented humanitarian and economic crisis, the CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 (the Act) would be required to file intimation wit
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FAQ :
The CBDT has decided to defer the implementation of the new procedure for the registration and approval of certain trusts and charitable institutions.
The new procedure will now come into effect on October 1st, 2020.
The deferral is due to the unprecedented humanitarian and economic crisis caused by the COVID-19 pandemic and the subsequent lockdown.
Entities already approved, registered, or notified under sections 10(23C), 12AA, 35, and 80G of the Act will need to file an intimation within three months from October 1st, 2020, which is by December 31st, 2020.
The original implementation date for the new procedure was June 1st, 2020.
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