๐จ ๐๐๐ง๐๐ฐ๐๐ฅ ๐จ๐ ๐๐ซ๐ฎ๐ฌ๐ญ๐ฌ ๐๐ฑ๐ญ๐๐ง๐๐๐ โ ๐๐๐ฒ ๐๐ฆ๐๐ง๐๐ฆ๐๐ง๐ญ ๐ข๐ง ๐๐๐๐ญ๐ข๐จ๐ง 12๐ ๐จ
The registration period for charitable trusts and institutions has been increased from 5 years to 10 years, reducing compliance burdens for smaller entities.
๐น ๐๐๐ฒ ๐๐ฉ๐๐๐ญ๐:
โ๏ธ Trusts with receipts not exceeding โน5 crores in each of the two previous years can now apply for renewal after 10 years instead of 5.
๐ก 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
