Regulatory Updates
1.Charitable trust and institutions future planning in view of the Finance Bill proposal.
Few things Charitable trusts & institutions should take care of:
Raising limit for exemption under sub-clause (iiiad) and (iiiae) of section 10(23C):
As per Rule 2BC, existing prescribed limit is Rs.1 Crore each for sub-clause (iiad) and (iiiae) of section 10(23C).
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