CBDT implements amendments to rules governing institutions, trusts and funds



Quick Summary
The Central Board of Direct Taxes (CBDT) has introduced new amendments to the Income-tax Rules, 1962, which will come into effect from October 1, 2023. These changes broaden the definition of 'charitable purpose' to include gender equality and women's empowerment. Additionally, the scope for deductions under section 80G has been expanded to cover sports promotion and educational/healthcare infrastructure development. The process for applying for approval under section 12A has also been streamlined.

The Income-tax (Eleventh Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes on June 23, 2023. The amendments made by these rules are applicable from October 1, 2023. The main changes brought about by these rules are as follows The definition of charitable purpose has
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FAQ :

The amendments made by the Income-tax (Eleventh Amendment) Rules, 2023, are applicable from October 1, 2023.

The definition of 'charitable purpose' has been amended to include the promotion of gender equality and the empowerment of women.

The list of eligible activities for deduction under section 80G has been expanded to include the promotion of sports and the development of infrastructure for education and healthcare.

Yes, the procedure for filing an application for approval under section 12A has been simplified.

The form for filing an application for registration under section 10(23C) has been modified.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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