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Big relief for charitable institutions: CBDT Circular

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Big relief for charitable institutions or religious trusts : CBDT Circular 6 of 2023

The Central Board of Direct Taxes Extension of Timeline date of submission of Filing of Form 10AB & Form 10A extended to 30.09.2023.
Income Tax section 115TD not applicable on applications made till 30.09.2023
All pending applications in Income tax Form 10AB with commissioner of income tax(E) considered valid applications & applications rejected earlier solely on account of missing of deadline date to be considered again.
Timeline date for filling of the certificate of donation in Form No. 10BE & statement of donation in Income Tax Form No. 10BD in respect of donations taking during the FY 2022-2023 to 30.09.2023.
Central Board of Direct Taxes field that the provisional approval or provisional registration shall be effective from the AY relevant to the PY in which the application is made & shall be valid for a period of 3 AY.
Statement of accumulation in Income tax Form No. 9A & Form No. 10 is needed to be filling at least 2 months prior to the due date of furnishing return. But deemed/ accumulation application shall not be denied to a trust as long as the statement of deemed/ accumulation application is filling on or before the Timeline date of filling the return.
It has been suggested that the before description of electronic means includes account payee cheques drawn on a bank, account payee bank draft, and the use of an electronic clearing system via a bank account.
It is in accordance clarified that the electronic modes referred to in para 18 are in addition to the account payee cheque drawn on a bank, account payee bank draft, or use of an electronic clearing system through a bank account for the purposes of Form No. 10B and Form No. 10BB.
A/c payee cheque drawn on a bank or an A/c payee bank draft on use of online clearing system via a bank A/c included in ” online modes” in Form 10BB & Form 10B.
details circular are attached here under : CBDT circular 6

CBDT Notification No. 111/2024 (Retroactively Effective from October 1, 2024):

Amendments to Form No. 10A and Form No. 10AB: For Form No. 10A, the specific reference to “2C” has been removed. There is also a new declaration format that requires applicants to certify the correctness of the information provided and to notify any changes in their trust or institution’s details. This change adds a layer of accountability for entities seeking registration.

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