BUDGET 2020 - Charitable Trust

Charitable Trust

·         Charitable Trust Registration and 80 G exemption to be for 5 years . All existing trust to apply online again  and obtain the online unique number.

·         80 G exemption holder to submit annual statement of donation received . Failure to submit such statement , a fee of Rs 200 per day for each day of default under section 271G and penalty of Rs 10000 to Rs 1.00 lakh under new section 271J.