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Budget 2018 proposals Impacting Charitable/Religious Trusts

Finance Bill’2018 has proposed some major changes Impacting trusts. 1) Mandatory Requirement of obtaining PAN for the Trustees: Section 139A is amended to propose that every person, not being an individual, which enters into a financial transaction of an amount aggregating to two lakh and fifty thousand rupees or more in a financial year shall be required to apply to the Assessing Officer for allotment of PAN.



This post first appeared on Tax Guru, please read the originial post: here

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Budget 2018 proposals Impacting Charitable/Religious Trusts

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