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Circular No. No. 07/2024 –CBDT
Circular Date: 25th April, 2024
Relevant Act / Rule: Income Tax Act, 1961
Relevant Section / Rule: Clause (i) of the first proviso to clause (23C) of section 10, sub-clause (i) of clause (ac) of sub-section (1) of section 12A, clause (i) of the first proviso to sub-section (5) of section 80G, fifth proviso of subsection (I) of section 35
CBDT has further extended the due date for filing of registration applications viz. Form 10A / Form 10AB by trusts, institutions and funds from 30.09.2023 to 30.06.2024, considering the recommendations received by it and with a view to avoid genuine hardship to taxpayers.
CBDT further clarified 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 Form 10AC and apply for registration for AY 2022-23 as an existing trust, institution or fund, in Form 10A till 30th June, 2024.
Trusts, institutions and funds whose applications for re-registration were rejected on grounds of late filing/filing under wrong section code can also submit application in Form 10AB by 30th June, 2024.
Link to the notification: https://incometaxindia.gov.in/communications/circular/circular-7-2024.pdf
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