Section 40 - Amendment of section 80G. - Finance Act, 2023

..... Amendment of section 80G. 40. In section 80G of the Income-tax Act, (I) in sub-section (2), in clause (a), sub-clauses (ii), (iiic) and (iiid) shall be omitted with effect from the 1st day of April, 2024; (II) in sub-section (5), (A) with effect from the 1st day of October, 2023, (i) in the first proviso, for clause (iv), the following clause shall be substituted, namely: (iv) in any other case, where activities of the institution or fund have (A) not commenced, at least one month prior to the c .....

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Section 40 - Amendment of section 80G. - Finance Act, 2023

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..... g its approval; or (II) in a case referred to in sub-clause (B) of clause (iv) of the first proviso, rejecting such application, after affording it a reasonable opportunity of being heard; ; (b) for clause (iii), the following clause shall be substituted, namely: (iii) where the application is made under sub-clause (A) of clause (iv) of the said proviso or the application is made under clause (iv) of the said proviso as it stood immediately before its amendment vide the Finance Act, 2023, pass a .....

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Section 40 - Amendment of section 80G. - Finance Act, 2023

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