Union Budget 2025: FM charitable to trusts; registration tenure is doubled

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Times of India 12h ago

Union Budget 2025: FM charitable to trusts; registration tenure is doubled - Times of India

Quick Summary:

India Business News: For the first time in years, the Budget provisions have made life easier for charitable trusts and institutions.

In Metro cities, trusts such as those engaged in education or medical have significant assets like land or buildings, and an 'exit tax' on deregistration was suicidal.

For instance, the period of validity of registration of a trust (registration is essential to claim tax exemption) has been extended from the current five years to 10 years.