Union Budget 2020: Implications for NGOs

Update

Last date to submit renewal application(s) for 80G/12A/10(23C) certifications has been further extended to June 30, 2021 , as per The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 [5]

The Union Budget for Financial Year 2020-21 [1], presented by the Finance Minister Nirmala Sitharaman on 1st February 2020, has some significant takeaways for NGOs and other charitable organizations. Here is an overview of these changes:

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Disclaimer:

This article has been published by Give Discover which is an information platform providing browsable and searchable information about social impact in India. The purpose of the article is to simplify information from the Foreign Contribution (Regulation) Amendment Act, 2020 and Foreign Contribution (Regulation) (Amendment) Rules, 2020 for NGOs and persons registered under Foreign Contribution (Regulation) Act. The above article is no substitute for legal interpretation of the Bill or Act. A legal advice on these matters is advised and recommended. Give Discover does not take any responsibility for any loss or damage caused to any organization or individual in any manner, due to any step taken, directly or indirectly, on the basis of the above article.