Wednesday 29 April 2015

Central Board of Direct Taxes (CBDT) decides to Fast Track All Applications made by Voluntary Organisations/Trusts for rendering help to the Victims of Earthquake in Nepal

All such applications to be processed within two working days of receiving the completed applications
The Central Board of Direct Taxes (CBDT) has decided to fast track all applications made by Voluntary Organisations/Trusts seeking approval u/s 11(1)(C) of the Income Tax Act, 1961 for rendering help to the victims of earthquake in Nepal. Approval under this section is required by the charitable institutions for application of their income outside India to promote international welfare. It will be the endeavor of the Department to process these applications within two working days of receiving the completed applications. The details of documents required to be submitted along with such applications have been uploaded on the website of Income Tax Department- http://www.incometaxindia.gov.in.

Courtesy: pib.nic.in

No comments:

Extension of Emergency Credit Line Guarantee Scheme through ECLGS 2.0 for the 26 sectors identified by the Kamath Committee and the healthcare sector

Extension of the duration of Emergency Credit Line Guarantee Scheme (ECLGS) 1.0 The Government has extended Emergency Credit Line Guarantee ...