Filing Deadlines Extended for Charitable Trusts and NGOs
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Form 10A and Form 10AB under the Income-tax Act, 1961, to June 30, 2024. This extension aims to provide charitable trusts and NGOs with more time to comply with the filing requirements.
Form 10A is used by trusts and institutions seeking income tax exemption, while Form 10AB is used to renew their permanent registration. The extension applies to certain provisions of Section 10(23C), Section 12A, Section 80G, and Section 35 of the Act.
This decision comes after the government received requests from various quarters for an extension beyond the previous deadline. The CBDT has also clarified that trusts that have already applied for provisional registration as new entities can now surrender their Form 10AC and apply for registration as existing trusts using Form 10A until June 30, 2024.
Additionally, trusts whose applications for re-registration were rejected due to late filing or filing under the wrong section code can submit fresh applications in Form 10AB by the extended deadline.
The CBDT has also provided instructions on how to file Form 10A and Form 10AB electronically through the e-filing portal of the Income Tax Department. The instructions include details on accessing the portal, logging in, navigating to the relevant forms, and completing the application process.
This extension provides much-needed relief to charitable trusts and NGOs, allowing them to focus on their core activities without worrying about immediate compliance deadlines.