Charitable Trusts and Amendments in Finance Act 2021 and FCR


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This document provides a concise overview of key amendments introduced by the Finance Act 2021, the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, and the Foreign Contribution (Regulation) Amendment Act, 2020. It details changes affecting how charitable trusts manage income application, corpus donations, and registration processes. It also highlights crucial updates for organisations receiving foreign contributions, including restrictions on transfers and administrative expenses. This guide is essential for trustees, administrators, and anyone involved in the financial and regulatory compliance of charitable trusts.

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A brief note on the recent amendments in Finance act 2021 , Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and Foreign Contribution (Regulation) Amendment Act, 2020 that will impact the functioning of Charitable Trusts. #docx
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