HomeBlogIncome taxExtension of due date for filing of Form No. 10A/10AB under the Income-tax Act, 1961

Extension of due date for filing of Form No. 10A/10AB under the Income-tax Act, 1961

  • April 25, 2024
  • Posted by: CA Sudha G. Bhushan
  • Category: Income tax
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Summary- CBDT, through Circular No. 07/2024 dated 25.04.2024, has extended the deadline for filing Form 10A/Form 10AB under the Income-tax Act, 1961 until 30th June, 2024, considering representations and to alleviate genuine hardships faced by taxpayers. This extension applies to trusts, institutions, and funds under specified provisions of the Act, allowing flexibility for re-registration and rectification of filing errors.

Name-Extension of due date for filing of Form No. 10A/10AB under the Income-tax Act, 1961- reg.

Date- 25th April 2024

Circular Number- Circular 7 of 2024

Link- https://incometaxindia.gov.in/communications/circular/circular-7-2024.pdf

Brief of Provisions-The Central Board of Direct Taxes (CBDT), has issued Circular No. ­­­07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) upto 30th June, 2024.

CBDT had earlier extended the due date for filing Form 10A/ Form 10AB by trusts, institutions and funds multiple times to mitigate genuine hardships of the taxpayers. The last such extension was made by Circular No. 06/2023 extending the date to 30.09.2023.

Considering the representations received by CBDT requesting for further extension of due date for filing of such Forms beyond the last extended date of 30.09.2023, and with a view to avoid genuine hardships to taxpayers, CBDT has extended the due date of filing Form 10A/ Form 10AB upto 30th June, 2024, in respect of certain provisions of section 10(23C)/ section 12A/ section 80G/ and section 35 of the Act.

CBDT further clarifies 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 said Form 10AC and apply for registration for AY 2022-23 as an existing trust, institution or fund, in Form 10A till 30th June 2024.

It is also clarified that those trusts, institutions or funds whose applications for re-registration were rejected solely on the grounds of late filing or filing under wrong section code, may also submit fresh application in Form 10AB within the aforesaid extended deadline of 30th June, 2024.



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