|
|
In the new Income Tax Act the validity of <a href="https://www.80g.co/12a-registration">80g and 12a registration</a> is five years. Following this, ngos and charitable trusts will have to seek revalidation to continue enjoying the benefits of tax exemption. The application to renew must be filed not later than six months before expiry. Renewal on time is a means of ensuring the continuity of 80g deduction eligibility and 12a exemption status which is effective in ensuring compliance and donor confidence.