Request to give wide public – Extension of the date for filling application for registration / approval in Form No. 10A upto 25.11.2022

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Request to give wide public – Extension of the date for filling application for registration / approval in Form No. 10A upto 25.11.2022

 

Press Note

(Extension for filing From 10A till 25-11-2022)

Ref :- Central Board of Direct Taxes (CBDT) Circular No. 22/2022 dated 01.11.2022 in  F.No . 197/93/2022-ITA-1 (Annexure A) { Also available in www.incometaxindia.gov.in.}

  1. The Finance Act 2020 and 2021 has brought in a new regime for registration/approval of charitable institutions in the country under section 12AB/80G/10(23C) / 35(1) of the Income Tax Act, 1961 (in Short, the Act). As per the new regime, all charitable institutions which were already registered / approved under the above section of the Act were required to mandatorily file an application electronically in Form No. 10A on before 31-03-2022.
  2. Earlier, the registrations/approval were in perpetuity. Such registrations under section 12A/12AA of the Act have become redundant from 01-04-2021 and the new section 12AB has replaced the old section 12A for registration purposes. Under the new regime, the registration will have a limited validity of five years only. Even the existing charitable institutions were required to mandatorily apply for fresh registration in the Form 10A under the new provisions of sec 12AB of the Act on or before 31-03-2022.
  3. It has been brought to the notice of the CBDT that many charitable institutions could not file Form No 10A by 31-03-2022 due to certain difficulties related transition into new regime, With a view to avoid genuine hardship in such cases, the issued CBDT has a circular dated 01-11-2022 condoning the delay upto 25-11-2022,in filing Form No.10A.
  4. Accordingly, all existing and new charitable institutions including the ones having a valid registration/ approval under A/12AA/80G/10(23C)/35(1) of the Act which have missed the deadline of 31-03-2022, can utilize this opportunity and now electronically file Form No.10A on before 25-11-2022

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