Section 293C → Section 529
Power to withdraw approval
Quick Answer
Section 293C of the Income Tax Act, 1961 (Power to withdraw approval) corresponds to Section 529 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 293C
Provision Summary
Empowers the authority to withdraw any approval granted under the Act if conditions are violated.
Sec 529
Provision Summary
Retained. Ensures that tax exemptions or institutional approvals can be revoked upon non-compliance.
Key Changes & Highlights
- Specific focus on withdrawing approvals from non-compliant charitable trusts and scientific research institutions.
Related Sections
Frequently Asked Questions
What does Section 293C of the Income Tax Act 1961 deal with?
Section 293C (Power to withdraw approval) Empowers the authority to withdraw any approval granted under the Act if conditions are violated.
What is the new section number for Section 293C under the Direct Tax Code 2025?
Section 293C of the ITA 1961 maps to Section 529 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 293C under the new tax code?
Section 293C is marked as "Retained" with status "Active". Impact: Medium - Enforces strict post-approval compliance.
What are the key changes to Section 293C under DTC 2025?
Specific focus on withdrawing approvals from non-compliant charitable trusts and scientific research institutions.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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