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Budget 2024 - Power To Condone Delay In Application For 12AB Registration

Legal / E-Newsletters
In continuation of our analysis of Union Budget 2024 and its implication on the NPOs, this S&N covers the issues pertaining to the proposed amendment that empowers the PCIT/CIT to condone delays in filing 12AB applications and treat such applications as timely filed if there is a reasonable cause for the delay. These amendments will be effective from 1-Oct-2024. However, no similar schemes are proposed for section 80G approval. For more details, please go through this issue of Standards and Norms.
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date : 01-08-2024

Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

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