The Central Board of Direct Taxes vide notification dated 30th May, 2023 has issued the Income-tax (7th Amendment) Rules, 2023. The amendment provides that In case of an application made for claiming tax exemption for donating money to eligible charitable institutions, a provisional approval can be issued by the relevant authority.
The provisional approval shall be effective from the assessment year relevant to the previous year in which such application is made and deduction can be claimed using the provisional approval with effect from such assessment year.
