🚨 𝐑𝐞𝐧𝐞𝐰𝐚𝐥 𝐨𝐟 𝐓𝐫𝐮𝐬𝐭𝐬 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝 – 𝐊𝐞𝐲 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭 𝐢𝐧 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 12𝐀 🚨
The registration period for charitable trusts and institutions has been increased from 5 years to 10 years, reducing compliance burdens for smaller entities.
🔹 𝐊𝐞𝐲 𝐔𝐩𝐝𝐚𝐭𝐞:
✔️ Trusts with receipts not exceeding ₹5 crores in each of the two previous years can now apply for renewal after 10 years instead of 5.
💡 This change simplifies compliance and provides long-term stability for charitable organizations. Stay updated & ensure your trust remains compliant!
#Trusts #CharitableInstitutions #TaxUpdates #Section12A #Finance #VDC #CAVidhuDuggal
