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Taxation Central Ministry of Finance Income Tax Act, 1961

Extension of the due date for filing Form No. 10AB to 30th September 2023

24-May-2023 | Circular No. 6/2023

The Central Board of Direct Taxes (CBDT) has issued a clarification regarding provisions pertaining to charitable and religious trusts, effective from 24th May 2023.

Key Points of the Circular:
1. Trusts are now allowed to apply for registration/approval under specific clauses of section 10 and section 12A of the Income Tax Act. These clauses include clause (i) or clause (iii) of the first proviso to clause (23C) of section 10, or sub-clause (i) or sub-clause (iii) of clause (ac) of sub-section (1) of section 12A.
2. The deadline for submitting such applications is set for 30th September 2023.
3. If the application is submitted by the specified date and registration/approval is granted, the provisions of clause (iii) of sub-section (3) of section 115TD of the Act will not be applicable due to any delay in submitting the application.

For detailed information, please refer to the attached document.

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