Sec. 80G Provisional Approval is Effective from the Relevant AY of the Application Year: CBDT

 ​    G.S.R. 399(E) dated 30-05-2023 The … Continue reading “Sec. 80G Provisional Approval is Effective from the Relevant AY of the Application Year: CBDT”
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G.S.R. 399(E) dated 30-05-2023

The Central Board of Direct Taxes (CBDT) has notified an amendment to rule 11AA. The amendment provides that in case of an application made for the grant of provisional approval under section 80G, the provisional approval shall be effective from the assessment year relevant to the previous year in which such application is made.

Earlier, Rule 11AA provided that the approval for the provisional registration would be effective from the date of provisional order.

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