Govt. proposes to postpone compulsory renewal of S.12AA & S.80G to 1-4-2021

Posted on September 19, 2020 by SRRF

Govt has introduced a bill in Lok Sabha yesterday (18 Sep 2020) to postpone compulsory renewal of S.12AA & S.80G renewals to 1st April 2021. This will be a temporary relief, Govt has initially planned it effective 1st June 2020 and then postponed it to 1st October due to uncertainties of pandemic. Now rather than shelving the proposal Govt has proposed to yet again postpone it to next year. All NGOs will need to apply within 3 months effective 1st April 2021.

In addition to the above, the bill also includes PM CARES Fund under S.10(23C). So all income of the Fund rec’d effective 1-4-2020 will be exempt under Section 10(23C).

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One Response to Govt. proposes to postpone compulsory renewal of S.12AA & S.80G to 1-4-2021

  1. Om Prakash Kulhari says:
    September 19, 2020 at 11:12 pm

    Thanks SRRF Team for sharing this important news for us (NGOs.

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