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Payment to Specified Persons needs to be disclosed in Form 10B
Payment to Specified Persons needs to be disclosed in Form 10B
Due Date to file form 10B is 30th September
Limit under section 10(23C) has been revised to 5 crore
Inter-charity Corpus donations would not be considered as application of Income
Filing of Belated ITRs can be done till 31st December of Assessment Year
Cash expenses above Rs. 10,000 are disallowed
Cash donation above Rs. 2000 are not Tax deductible
Anonymous Donation is to be taxed at higher rates
Extension of due date for Renewal of Registration under 12AB, 10(23C) and 80G.
It is mandatory to submit MHA approval letter to SBI