EMBRACING COMPLIANCE WITH RULE 17AA: A STEP TOWARDS FINANCIAL TRANSPARENCY FOR CHARITABLE ORGANIZATIONS

With the Finance Act 2022 introducing significant changes, Rule 17AA has become a vital aspect of financial compliance for charitable trusts and institutions. Effective from the assessment year 2022-23, this rule mandates comprehensive documentation and meticulous record-keeping for organizations aiming to maintain their tax-exempt status.Key Insig