Charitable Trusts and Amendments in Finance Act 2021 and FCR

Last updated: 20 May 2021

Save Share

Quick Summary

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.

File details

DOCX 17 KB 0 downloads Community & General

File description

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

Download DOCX 17 KB Like

Submitted by CA Haridas Varma · Posted 20 May 2021 · Other files by CA Haridas Varma · Report

Comments