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  • 19 Aug 2020 12:00 PM | Vibhavani (Administrator)

    EIA notification regulates the process of environment clearance for different projects. During lockdown, the Indian government came out with the draft Environment Impact Assessment (EIA) notification 2020 seeking to overhaul the norms governing the clearance process

  • 19 Aug 2020 11:57 AM | Vibhavani (Administrator)
    https://taxguru.in/income-tax/deferment-approval-registration-charitable-trusts-exempt-institutions.html

    Deferrement of Procedure for Approval/ Registration/Notifications of certain entities U/s 10(23C), 12AA, 35 & 80G of Income Tax Act, 1961 till 01st October,2020
    The Finance Act, 2020 has introduced certain new compliance burdens on Charitable Trusts and Exempt Institutions. The Budget 2020 has amended certain provisions of the Income Tax Act, 1961 having a great impact on the functioning of the registered Charitable Trusts and NGOs. These charitable trusts and NGOs have been levied with the renewal of registration already issued, setting an expiry date for registration, filing of statements of donation receipts, and other formalities.

    All Charitable and Religious institutions (including NGOs) which were already issued registration under the following Section 10(23C),12A, 12AA & 80G of Income Tax Act 1961 are also required to take Fresh Registration under section 12AB of Income Tax Act 1961. Entities registered under section 10(23C) and 12AA will now be required to apply for either of the approval under section 10(23C) or registration under section 12AA, but not both as it was earlier.

    Charitable trusts and exempt institution which were already registered under section 12A or section 12AA of Income Tax Act, 1961 will now be required to reapply online for registration and approval by August 31, 2020. Provisions of registration under section 12AA or section 12A will become redundant from 01st June 2020 and a new section 12AB will come into force with effect from 01st June 2020. All the existing registered trusts under the erstwhile section 12A or section 12AA would move to new provision section 12AB.

    Similarly, charitable trusts and exempt institutions which already have Section 80G certificate will now be required to reapply online for registration or approval by August 31, 2020. The registration shall remain valid for 5 years.

    These new Procedural compliances were about to applicable from June 1, 2020. Hence seeing the present situation, the CBDT has decided to give relief and therefore The new compliances under the mentioned section which were made applicable from June 1, 2020 and should have been completed by August 31, 2020 now changed to October 1, 2020 and shall continue till December 31, 2020.

    This view is shared as per the tweet shared by Income Tax India, Still to form as part of Law, need to wait till the issuance of further Circular or Notifications as the case may be.

    Kindly for further clarifications refer the Notification or Circular issued by the Department.

    Source-New Procedure for registration, approval U/s.10(23C), 12AA, 35 & 80G deferred


  • 19 Aug 2020 11:53 AM | Vibhavani (Administrator)

    URL: https://www.mhrd.gov.in/nep-new

    The National Education Policy was framed in 1986 and modified in 1992. More than three decades have passed since previous Policy. During this period significant changes have taken place in our country, society economy, and the world at large. It is in this context that the education sector needs to gear itself towards the demands of the 21st Century and the needs of the people and the country. Quality, innovation and research will be the pillars on which India will become a knowledge super power. Clearly, a new Education Policy is needed.

    The Government had initiated the process of formulating a New Education Policy through the consultation process for an inclusive, participatory and holistic approach, which takes into consideration expert opinions, field experiences, empirical research, stakeholder feedback, as well as lessons learned from best practices.

    The Committee for preparation of the draft National Education Policy submitted its report to the Ministry on 31.05.2019. The Draft National Education Policy 2019 (DNEP 2019) was uploaded on MHRD’s website and also at MyGov Innovate portal eliciting views/suggestions/comments of stakeholders, including public. The draft NEP is based on the foundational pillars access, affordability, equity, quality and accountability. Post submission of Draft Report States/UTs Governments and Government of India Ministries were invited to give their views and comments on Draft National Education Policy 2019. A brief summary of the Draft National Education Policy 2019 was circulated among various stakeholders, which was also translated in 22 languages and uploaded on the Ministry’s website. Meetings with State Education Secretaries of School Education and with State Secretaries of Higher & Technical Education were held.An Education Dialogue with Hon’ble MPs of Andhra Pradesh, Telangana, Tamil Nadu, Puducherry, Kerala, Karnataka & Odisha.

    A special meeting of CABE on National Education Policy was held. In the meeting, 26 Education Ministers of various States and UTs, representatives of States and Union Territories, Members of CABE, Heads of Autonomous Organisations, Vice Chancellors of Universities, attended the meeting along with senior officials of the Central and State Governments. Around 2 lakh suggestions on the Draft National Education Policy received from various stakeholders. A meeting on Draft NEP 2019 of Parliamentary Standing Committee on Human Resource Development was held on 07.11.2019.

    Currently exercise of formulation of National Education Policy is ongoing and it will be finalised shortly.

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