CBDT Circular 3/2024/6.3.24

Описание к видео CBDT Circular 3/2024/6.3.24

The latest update from the Central Board of Direct Taxes (CBDT) brings significant changes for trusts and institutions involved in charitable or religious activities. In Circular No. 3/2024 dated 6th March 2024, the CBDT has amended Clause (23C) of Section 10 and Sub-section (1) of Section 11 of the Income Tax Act. According to this amendment, when one trust or institution pays or credits funds to another, only 85% of that amount will be considered as an application for charitable or religious purposes.

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