Breather for charitable trusts, NGOs as CBDT again extends deadline for registration and renewal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Central Board of Direct Taxes (CBDT) has again extended the deadline for filing Form 10A/ Form 10AB under the Income-tax Act, 1961, to June 30, 2024, the government announced on April 25. The extension aims to facilitate smoother compliance procedures.

Form 10A is used during the initial registration or approval of a trust, institution, or NGO, while Form 10AB is necessary for subsequent renewals.

Previously, the CBDT had extended the deadline for filing Form 10A/ Form 10AB multiple times. Earlier, the last date for filing the form was extended to September 30, 2023.

The CBDT’s decision comes after the government received representations from various quarters, urging for more time beyond the last extended deadline. The extension applies to certain provisions of Section 10(23C), Section 12A, Section 80G, and Section 35 of the Act.

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The existing trusts, institutions, or funds, which failed to file Form 10A for assessment year (AY) 2022-23 within the previously extended due date, and later applied for provisional registration as a new entity and received Form 10AC, can now surrender the Form 10AC and apply for registration for AY 2022-23 as an existing entity in Form 10A until 30th June 2024, the government clarified.

Also, trusts, institutions, or funds whose re-registration applications were rejected solely due to late filing or filing under the wrong section code, may submit fresh applications in Form 10AB within the extended deadline of June 30, 2024.

The applications as per Form 10A/ Form 10AB must be filed electronically through the e-filing portal of the Income Tax Department.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow