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

Last updated: 10 February 2020

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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.

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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

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Submitted by CA. Peeyush Sharma · Posted 10 February 2020 · Other files by CA. Peeyush Sharma · Report

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