Good News for NGOs: CBDT extends due date for filing of Form 10A/ Form 10AB up to 30th June 2024
For last 7 months, an issue had been raised by several trusts regarding selective extension of due dates only in the cases of 12A registrations. The CBDT circular no. 06/2023 extending the date to 30th September 2023 did not include the cases where there had been delay in filing registration applications under section 80G. It is not yet clear that whether this was intentional or an inadvertent error by the CBDT. But now the CBDT has corrected the same and come out with a circular on 25th April 2024.
The Central Board of Direct Taxes (CBDT), has issued Circular No. 07/2024 dated 25-07-2024 further extending the due date for filing Form No. 10A/ 10AB under the Income Tax Act up to 30th June 2024.
Considering the representations received by CBDT requesting for further extension of due date for filing of such forms beyond the extended date of 30th September 2023, and with a view to avoid genuine hardships to taxpayers, CBDT has extended the due date of filing Form 10A/ Form 10AB up to 30th June 2024, in respect of certain provisions of section 10(23C)/ section 12A/ section 80G/ and section 35 of the Act.
CBDT further clarifies that, if any such existing trust, institution or fund had failed to file Form 10A for AY 2022-23 within the extended due date, and subsequently, applied for provisional registration as a new entity and received Form 10AC, can also now avail this opportunity to surrender the said Form 10AC and apply for registration for AY 2022-23 as an existing trust, institution or fund, in Form 10A till 30th June 2024.
The CBDT has further clarified that those trusts, institutions or funds whose applications for re-registration were rejected solely on the grounds of late filing or filing under wrong section code, may also submit fresh application in Form 10AB within the aforesaid extended deadline of 30th June 2024.
The applications as per Form 10A/ 10AB shall be filed electronically through the e-filing portal of Income Tax Department. The Circular No. 7/2024 is available on www.incometaxindia.gov.in
