The government has clarified that institutions like NGOs, charitable institutions and others who are eligible for tax benefits and can also issue tax benefit receipts to those paying donations would not need to renew their status unless it is withdrawn by the tax authority.
The move is in line with the mandate of the proposed Direct Taxes Code (DTC) that aims at reducing administrative burden on the income tax department and also the taxpayer. The Central Board of Direct Taxes (CBDT) on Wednesday clarified that the approvals under sub-clause (vi) and (via) of section 10(23C) granted on or after December 2006 shall be valid until withdrawn. Similarly approvals under clause (vi) of sub-section (5) of section 80G granted on or after October 2009 shall be valid until withdrawn. “These approvals will be one-time approvals unless withdrawn by the income-tax authority empowered to grant them,” the CBDT said in a clarification.
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we need CBDT approval for a sanction of Rs100 crore How can we get CBDT approval
How we can get a project approved bu cbdt
cbdt certificate needed
cbdt certificate needed
If trust having only 80g (5)(6) will he liable for cbdt approval ,can it approve project under cbdt
IF A TRUSTS GAZETTE NOTIFICATION EXPIRES ON 31ST MARCH,2012 WHETHER IT WILL BE ABLE TO RECEIVE ANY DONATION ON THE PROJECT MENTIONED IN THE GAZETTE NOTIFICATION AFTER THE MENTIONED DATE(31 ST MARCH,2012)?
PLEASE INFORM ME WITH DETAILED INFORMATION.