Home » Alerts » Tax Alert | CBDT grants extension to charitable trusts to file registration application in Form 10A/10AB upto 30th June 2024

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Section 12AB was inserted by the Finance Act 2020, prescribing a new procedure of obtaining fresh registration by all existing and new charitable trusts/ institutions under section 12A of the Income Tax Act, 1961 (‘the Act’), effective from 1st June 2020, which was later deferred to 1st October 2020. The section replaced the erstwhile registration process, which granted perpetual approvals to charitable trusts and institutions. Similar amendments were made in the registration process of entities under section 10(23C)/80G of the Act. The implementation of the revised procedure was postponed to 1st April 2021, vide The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (‘TOLA’).

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