Budget 2026: Small Trusts Seek Automated Renewals, Easier Compliance
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Moneycontrol•01-02-2026, 10:37
Budget 2026: Small Trusts Seek Automated Renewals, Easier Compliance
- •Charitable trusts expect Budget 2026 to further ease compliance and administration, especially for smaller bodies.
- •Previous budget extended registration validity under Section 12AB from five to 10 years for qualifying smaller trusts.
- •Experts suggest automatic application of 10-year validity for trusts registered before April 1, 2025, meeting income thresholds, to reduce procedural burden.
- •Revisions to Section 13 exclude individuals with high contributions from tax exemptions, aiming to simplify procedures while maintaining standards.
- •Small trusts seek relief from Form 10BD filing requirements, particularly regarding details from small donors, and a similar 10-year approval under Section 80G(5).
Why It Matters: Small charitable trusts urge Budget 2026 for automated renewals and simplified compliance to reduce their administrative burden.
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