The income tax department extended the deadline on Thursday, June 30, for religious and charitable trusts to submit their registration applications to the tax authorities. The deadline for trusts, institutions, and funds to file Forms 10A and 10AB had previously been extended by the Central Board of Direct Taxes (CBDT) several times; the most recent postponement was until September 30, 2023.
Form 10A is an application that trusts and institutions submit in order to register for income tax exemption. Institutions and trusts file Form 10 AB to renew their permanent registration.
CBDT went on to clarify that any existing trust, institution, or fund that had not submitted Form 10A for AY 2022–23 by the extended deadline and had instead applied for provisional registration as a new entity and received Form 10AC, could also take advantage of this opportunity to turn in the aforementioned Form 10AC and submit an application in Form 10A until June 30, 2024, in order to register for AY 2022–23 as an existing trust, institution, or fund.
