1. The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2024 dated 25.04.2024, extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 until 30th June, 2024.
2. CBDT, in its effort to address genuine hardships faced by taxpayers, has repeatedly extended the deadline for filing Form 10A/ Form 10AB by trusts, institutions, and funds. The most recent extension, prior to this Circular, was granted through Circular No. 06/2023, stretching the deadline to 30.09.2023.
3. Recognizing the requests received and aiming to alleviate genuine difficulties for taxpayers, CBDT has decided to further extend the deadline for filing Form 10A/ Form 10AB until 30th June, 2024, particularly concerning certain provisions of section 10(23C)/ section 12A/ section 80G/ and section 35 of the Act.
4. CBDT emphasizes that existing trusts, institutions, or funds that failed to submit Form 10A for AY 2022-23 within the previous extended deadline, yet applied for provisional registration as a new entity and obtained Form 10AC, are now eligible to surrender Form 10AC and apply for registration for AY 2022-23 as an existing entity using Form 10A, until 30th June 2024.
5. Additionally, trusts, institutions, or funds whose re-registration applications were rejected solely due to late filing or filing under the wrong section code are permitted to submit fresh applications using Form 10AB within the extended deadline of 30th June, 2024.
6. All applications, as per Form 10A/ Form 10AB, must be filed electronically through the e-filing portal of the Income Tax Department. Circular No. 07/2024, containing detailed instructions, is accessible on the said portal.
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