The Board has specified forms that applicants would have to use for registration and has also identified documents or statements that any fund, trust, institution, university, hospital or other medical institution would have to submit to claim tax exemptions.
The Central Board of Direct Taxes has notified a scheme for registration and re-registration of trusts, religious and charitable institutions which will come into effect from April 1, 2021. Amendments have been made to income tax rules through a notification issued Saturday.
The Board has specified forms that applicants would have to use for registration and has also identified documents or statements that any fund, trust, institution, university, hospital or other medical institution would have to submit to claim tax exemptions.
News Source:- Economics Times
