CBDT Extends Deadline for Charitable and Religious Trusts to Submit Registration Applications

The income tax department has announced an extension of the deadline for charitable and religious trusts to submit their registration applications to the tax authorities. The Central Board of Direct Taxes (CBDT) has granted this extension until June 30, 2024. The decision to extend the deadline was made in response to requests received by the CBDT, with the aim of preventing genuine hardships for taxpayers.

This extension applies to the filing of Form 10A, which is used by trusts and institutions seeking income tax exemption, and Form 10AB, which is filed by trusts and institutions to renew their permanent registration. The CBDT has also stated that existing trusts, institutions, or funds that failed to file Form 10A for AY 2022-23 within the extended due date, and subsequently applied for provisional registration as a new entity, can now surrender the provisional registration (Form 10AC) and apply for registration for AY 2022-23 as an existing entity in Form 10A, until June 30, 2024.

Furthermore, trusts, institutions, or funds whose applications for re-registration were rejected solely due to late filing or filing under the wrong section code may also submit fresh applications in Form 10AB within the extended deadline of June 30, 2024.