Amidst a recent development, the Central Board of Direct Taxes (CBDT) issued its circular No. ­­­07/2024 dated on April 25th, extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) up to June 30th, 2024. CBDT had earlier extended this due date multiple times to alleviate genuine hardships of the taxpayers. The last such extension was made by Circular No. 06/2023 extending the date to 30.09.2023.

Considering the representations received by CBDT requesting for further extension of the due date for filing of such Forms beyond the last extended date of 30.09.2023, and 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 June 30th.

It is also clarified that those trusts, institutions or funds whose applications for re-registration were rejected solely on the grounds of late filing or filing under the wrong section code, may also submit fresh applications in Form 10AB within the aforesaid extended deadline of June 30th. The CBDT has mandated that the applications as per Form 10A/ Form 10AB can only be filed electronically through the e-filing portal of the Income Tax Department. 

View the Circular No. 07/2024 on www.incometaxindia.gov.in