From 1 January 2018, the CIT Act gives a number of reliefs to businesses that have donated to public benefit organisations, state-funded institutions, or state-owned companies performing national culture functions delegated by the Ministry of Culture. We have written earlier about the new rules for donations and their application. Amendments to the CIT Act effective from 1 July 2019 lay down favourable rules for donors, which we hope will favourably affect donees.
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