CBDT extends due date of filing Form 10AB – Renewal of Trust Registration

Circular no. 8/2022, dated 31-03-2022

Section 10(23C) provides an exemption to educational, medical, charitable or religious institutions to fulfil certain conditions. Institutions substantially financed by the Govt. or whose annual receipt does not exceed Rs. 5 crores are exempt from tax if they are not established for profit. Other institutions are exempt from tax if the Principal Commissioner or Commissioner approves them.

Similarly, Section 12A provides conditions to be satisfied by a charitable institution to avail exemption under sections 11 and 12. A charitable trust can also apply for approval under Section 80G to provide a deduction to the donor for the donation made to such trust.
An already registered trust seeking renewal of its registration is required to file Form 10AB. Further, such a form must also be filed to get approval under section 10(23C) and Section 80G(5).

The application in Form 10AB shall be furnished electronically on the e-filing portal.
Considering the difficulties in electronic filing of such a Form, the CBDT has decided that Form no. 10AB may be filed on or before September 30 2022, if the last date to file the form falls on or before September 29 2022.

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