I-T dept allows charitable trusts to seek fresh approval post deadline, taxpayers to get 80G relief
New Delhi, July 3 -- The income tax (I-T) department has permitted 'condonation of delay' for charitable trusts to file Form 10AB for seeking fresh approval under Section 80G of the I-T Act.
This will allow taxpayers to claim deductions under Section 80G for the donations made to these charitable institutions. Provisions under Section 80G are covered under Section 133 of the new Income Tax Act, 2025.
For the context, the deadline for some charitable trusts to apply for the 80G approval expired on 30 September 2025. After this, all the applications made by trusts were rejected solely on the ground of delay. By releasing this circular dated 2 July 2026, the I-T department has provided a much-needed relief to such charities.
Taxpayers can...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.