Amendment in section 80G for Renewal of Approval – Circular 7/2010
Dear all Professional friends,
With effect from 1st October, 2009 the requirement of periodical renewal of approval under section 80G is being dispensed with. All trusts whose approval expires on or after 1st October, 2009 have to apply for approval again.
Their approval will continue to be valid in perpetuity unless withdrawn.
Those trusts, whose approval expires prior to 1st October, 2009 have to apply once for renewal of their approval.