The deadline for trusts, institutions, and funds to file Forms 10A and 10AB had previously been extended by the Central Board of Direct Taxes (CBDT) several times; the most recent postponement was until September 30, 2023.
The income tax department extended the deadline on Thursday, June 30, for religious and charitable trusts to submit their registration applications to the tax authorities.
The deadline for trusts, institutions, and funds to file Forms 10A and 10AB had previously been extended by the Central Board of Direct Taxes (CBDT) several times; the most recent postponement was until September 30, 2023.
Taking into account the representations that CBDT has received asking for an additional extension of the deadline for filing such documents past the last extended date of September 30, 2023, and the CBDT has extended the deadline for filing Form 10A/Form 10AB to June 30, 2024 in an effort to prevent real inconveniences for taxpayers,” the CBDT stated in a statement.
Form 10A
The Form 10A is an application that trusts and institutions submit in order to register for income tax exemption.
Institutions and trusts file Form 10 AB to renew their permanent registration.
CBDT went on to explain that any such current trust, institution, or fund that had not submitted Form 10A for AY 2022–2023 by the extended deadline and had instead applied for provisional registration as a new entity and received Form 10AC, could also take advantage of this chance to turn in the aforementioned Form. 10AC and submit a Form 10A registration request until June 30, 2024, for AY 2022–2023 as an established trust, institution, or fund.
According to the CBDT, trusts, institutions, or funds whose re-registration applications were turned down purely due to late filing or filing under the incorrect section code may still file a new application in Form 10AB by the extended deadline of June 30, 2024.
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