CBDT Extends Date For Registration Of Charitable Trusts

In a relief for taxpayers, the income tax department has announced extended dates for filling the forms of Form 10A/Form 10AB. As per the new information, the revised dates were announced on April 25. The Central Board of Direct Taxes (CBDT) announced on Thursday the extension of application registration dates by June 30, 2024, for charitable and religious institutions. As per earlier reports, the tax department had fixed the date of September 30, 2023, to fill the forms Form 10A and Form 10AB for the mentioned institutions. The CBDT released a statement mentioning that this is being done to avoid the hardships experienced by the taxpayers. The statement read, “Considering the representations received by CBDT requesting for further extension of due date for filing of such forms beyond the last extended date of September 30, 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 June 30, 2024.”

The official X account of Income Tax India shared the press release through a tweet. The tweet provided more information, “Through this, further opportunity has been provided to trusts, institutions & funds to file Form 10A/10AB for AY 2022-23 in case they had failed to file or whose applications had been rejected on grounds of late filing.”

The Form 10A is filled by those institutions or trusts who want to avail the option of exemption by the income tax department. The Form 10AB is for those who require their permanent registrations to be renewed.

According to more information, these exemption claims for charitable and religious institutions come under Sections 11 and 12. While filling Form 10B, the taxpayer can file an audit report, if the mentioned institutions have already applied or are registered as charitable or religious institutions through submitting Form 10A. The applications of these forms are to be completed electronically, on the e-filing portal of the tax department.