Relief for NGOs, trusts:
June 30 is new deadline for registration, renewal
In a breather for charitable trusts and
NGOs, the Central Board of Direct Taxes (CBDT) has again extended the deadline
for filing Form 10A/ Form 10AB under the Income-tax Act, 1961, to 30 June 2024,
the government announced on Thursday. The extension aims to facilitate smoother
compliance procedures.
What are Form 10A, Form
10AB?
Form 10A is an application form filed by
trusts/institutions who wish to get themselves registered for income tax
exemption. Form 10AB is filed by trusts/institutions to renew their permanent
registration.
Previously, the CBDT had extended the
deadline for filing Form 10A/ Form 10AB multiple times. Earlier, the last date
for filing the form was extended to 30 September 2023.
The CBDT's decision comes after the
government received representations from various quarters, urging for more time
beyond the last extended deadline. The extension applies to certain provisions
of Section 10(23C), Section 12A, Section 80G, and Section 35 of the Act.
"If any existing trust, institution
or fund fails 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 avail of 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 30 June 2024," CBDT said.
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 extended deadline of 30 June 2024, the CBDT
said.
The applications as per Form 10A/ Form
10AB must be filed electronically through the e-filing portal of the Income Tax
Department.
Steps for online filing of
Form 10A:
1. Visit the official website at
[www.incometax.gov.in](http://www.incometax.gov.in).
2. Log in using the user ID (PAN of the
organisation) and password.
3. Navigate to the e-File tab, click
on Income Tax Forms , then select File Income Tax Forms from the drop-down
menu.
4. Select the option Persons not
dependent on any Source of Income (Source of Income not relevant) .
5. Choose Tax Exemptions and Relief
Form 10A and click File Now .
6. The form will display with
auto-populated details such as PAN details of the organisation. Ensure the
Submission Mode is Online and Filing Type is Original .
7. Select the relevant Assessment Year
(AY), e.g., 2022-23, from the drop-down menu.
8. Click on the Continue tab.
9. Start filling out the form by
clicking on Let s Get Started .
10. Submit the form using either digital
signatures or an electronic verification code (EVC).
Procedure to file Form 10AB
on the new e-filing portal:
1. Access the new e-filing portal at
[www.incometax.gov.in](http://www.incometax.gov.in) and log in with your user
ID and password.
2. Click on the File menu, then select
File Income Tax Forms . Choose Form 10AB Application for registration or
approval .
3. The PAN and Submission Mode
(Online) will be prefilled. Enter the Assessment Year as 2022-2023.
4. Click on Continue and then on
Let s Get Started to proceed with the application form 10AB.
5. Fill in all mandatory details in the
form.
6. Attach required documents by clicking
the attach button.
7. Save your entries. Once all sections
are filled and verified, they will show as green-ticked with a status of
completed .
8. Submit the completed form using
either digital signatures or an electronic verification code (EVC).
9. Ensure the form is verified by the
person authorised under section 140, as applicable to the applicant.
With PTI inputs.
www.business-standard.com
dt. 27.04.2024