Hello from PATTIC, This is an important update for NGOs with normal 12AB registration and 80G approval under the Income Tax Act. As per the new registration regime, these approvals are valid for five years, up to AY 2026-27 (31st March 2026). Renewal Process & Timeline As per Section 12A(
Friends, Section 206AB Omitted Starting 1st April 2025, NGOs will no longer need to check for Specified Persons before deducting higher TDS. This section, which mandated a higher TDS rate for individuals who had not filed their Income Tax return and had TDS/TCS over â‚ą50,000, has been removed.
Dear friends, A significant change in TDS rates that will be effective from April 1, 2025. Section 194I - TDS on Rent Payments * Previous threshold: â‚ą2,40,000 per financial year * New threshold: â‚ą6,00,000 per financial year -OR- â‚ą50,000 per month (or part thereof) Section 194J -
Hello, Introducing the PATTIC Compliance Calendar — a carefully curated resource to help you track and meet key filing dates for Income Tax, TDS, EPF, ESI, GST, Professional Tax, and other mandatory submissions. April 2025: 11th April: GSTR 1 under monthly scheme 13th April: GSTR 1 under QRMP 15th April: EPF