Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore

Income tax relaxation has been introduced for trusts with income below Rs. 5 crore, granting them a 10-year registration validity. This measure is designed to reduce the compliance burden on smaller trusts, allowing them to focus on their charitable activities without frequent renewals. The government aims to encourage more trusts to register and operate efficiently.