CBDT Extends Due Date for Filing 10A/10AB Forms by Cir No. 7/2024

The due date for the charitable and religious trusts to file the registration application with tax authorities has been extended to June 30 by the income tax department.

Previously the Central Board of Direct Taxes (CBDT) extended the last date for filing Form 10A, and Form 10AB by trusts, institutions, and funds multiple times and the last such extension was till September 30, 2023.

Considering the representations obtained by CBDT asking for an extension of the deadline for filing such forms beyond the last extended date of September 30, 2023, and intending to prevent genuine hardships to taxpayers, CBDT has extended the deadline for filing Form 10A/Form 10AB up to June 30, 2024, the CBDT cited.

Form 10A is an application form filed through the trusts/institutions that expect to get themselves registered for income tax exemption.

Trusts/institutions file Form 10AB to renew their permanent registration.

CBDT cited, if any such existing trust, institution or fund had losses to file Form 10A for AY 2022-23 within the extended deadline, and applied for provisional registration as a new entity and received Form 10AC, it can also claim for the same 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 June 30, 2024.

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Those trusts, institutions, or funds whose applications for re-registration were denied only based on late filing or filing beneath the incorrect section code, may also propose new applications in Form 10AB within the extended due date of June 30, 2024, the CBDT stated.