Analysis of Proposed Amendments- Exemptions U/s 11 & 10(23C)


Quick Summary
This document provides a detailed analysis of the proposed amendments to Sections 11 and 10(23C) of the Income Tax Act, as introduced in the 2020 Budget. It covers changes to the registration and approval process for charitable and religious trusts, including new timelines, classifications, and requirements for existing and new entities. This analysis is essential for trustees, administrators, and legal professionals dealing with tax exemptions for trusts and similar institutions.

File details
PDF 1.15 MB 0 downloads Income Tax
File description
The Finance Bill, 2020 has proposed to make substantial changes regarding provisions for granting exemptions to the charitable / religious trusts, institutions etc. U/s. 11 of the Income Tax Act, 1961 (Act). The substantial amendments are also proposed in respect of exemption U/s.10(23C) which are granted to the trusts, institutions, universities, educational institutions, hospitals, other medical institutions etc. #pdf
Comments


CCI Pro


Popular Files


Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details