News Update

Karnataka IT Industries piling pressure on govt to extend working hoursStudy says earth’s water depleting fastMSMEs account for over 35% of manufacturing output: SurveySurvey proposes sunset clauses for MSMEs' incentivesSex ratio improves from 918 to 930: SurveyServices sector accounts for 55% of India's GDP: SurveyIndia achieves NDC target of reducing carbon intensity much in advance: SurveyGovt adopting building information modelling to reduce project delays: SurveyIndia's vision is - development as well as heritage - 'Vikas bhi Virasat bhi': PMNipah virus: Immediate public health measures advised to contain diseaseFDI inflows slide to USD 26.5 bn in 2024 from USD 42 bn in 2023: Economic SurveyEconomic Survey projects GDP growth rate of 6.5% to 7% in current fiscalSC stays UP Govt order for eateries to display names of ownersPM appeals to all MPs - Let’s work unitedly for IndiaRSS hails Centre’s decision to allow govt employees to attend RSS meetingsAppeal on Denial of Cross ExaminationBiden decides to exit Presidential race; backs Kamala Harris as party nomineeIncome-Tax conducts Taxpayers Outreach Program at RINL, VizagNippon Steel hires Mike Pompeo to lobby for US Steel purchaseScindia releases 'The Future is Now' as theme for India Mobile Congress 2024Houthis vow massive retaliation strike at IsraelDigboi Refinery capacity to expand to 1 Million Tonnes: SonowalChina, Philippines arrive at understanding in South China Sea disputeCentre discusses draft rules for measuring moisture level in cereal grains and oilseedsChina cuts interest rate to revive economyIndia Post recommends international Rakhi shipments by 31st JulyMega wildfire in Alberta & British Columbia in CanadaResidents in Spanish town protest against mass tourismKerala boy infected by Niaph virus is dead: Health Minister
Untitled Document
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI

CIRCULAR NO

07/2024, Dated: April 25, 2024

Sub: Extension of due date for filing of Form No. 10A/10AB under the Income-tax Act. 1961 - reg.

On consideration of difficulties reported by the taxpayers and other stakeholders in the electronic filing of Form No. 10A/10AB, the Central Board of Direct Taxes (the Board) in exercise of its powers under section 119 of the Income-tax Act, 1961 (the Act) extended the due date for filing Form No. 10A to 31.08.2021 by Circular No. 12/2021 dated 25.06.2021, to 31.03.2022 by Circular No. 16/2021 dated 29.08.2021, to 25.11.2022 by Circular No. 22/2022 dated 01.11.2022 and further to 30.09.2023 by Circular No. 6/2023 dated 24.05.2023, and extended the due date for filing Form No. 10AB to 30.09.2022 by Circular No. 8/2022 dated 31.03.2022 and further to 30.09.2023 by Circular No. 6/2023 dated 24.05.2023.

2. Representations have been received in the Board with a request to condone the delay in filing Form No. 10A/10AB, as the same could not be filed in such cases within the last extended date, i.e., 30.09.2023.

3. On consideration of the matter, with a view to avoid and mitigate genuine hardship in such cases, the Board, in exercise of the powers conferred under section 119 of the Act, hereby extends the due date of making an application/intimation electronically in -

(i) Form No. 10A, in case of an application under clause (i) of the first proviso to clause (23C) of section 10 or under sub-clause (i) of clause (ac) of sub-section (1) of section 12A or under clause (i) of the first proviso to sub-section (5) of section 80G or in case of an intimation under fifth proviso of subsection (1) of section 35 of the Act, till 30.06.2024;

(ii) Form No. 10AB, in case of an application under clause (iii) of the first proviso to clause (23C) of section 10 or under sub-clause (iii) of clause (ac) of sub-section (1) of section 12A or under clause (iii) of the first proviso to sub-section (5) of section 80G of the Act, till 30.06.2024.

4. It may be also noted that extension of due date as mentioned in paragraph 3(ii) shall also apply in case of all pending applications under clause (iii) of the first proviso to clause (23C) of section 10 or sub-clause (iii) of clause (ac) of sub-section (1) of section 12A or under clause (iii) of the first proviso to sub-section (5) of section 80G of the Act, as the case may be. Hence, in cases where any trust, institution or fund has already made an application in Form No.10AB under the said provisions on or before the issuance of this Circular, and where the Principal Commissioner or Commissioner has not passed an order before the issuance of this Circular, the pending application in Form No. 10AB may be treated as a valid application.

4.1 Further, in cases where any trust, institution or fund has already made an application in Form No. 10AB, and where the Principal Commissioner or Commissioner has passed an order rejecting such application, on or before the issuance of this Circular, solely on account of the fact that the application was furnished after the due date or that the application has been furnished under the wrong section code, it may furnish a fresh application in Form No. IOAB within the extended time provided in paragraph 3(ii) i.e. 30.06.2024.

5. It is also clarified that if any existing trust, institution or fund who had failed to file Form No. 10A for AY 2022-23 within the due date as extended by the CBDT circular no. 6/2023 dated 24.05.2023 and subsequently, applied for provisional registration as a new trust, institution or fund and has received Form No. 10AC, it can avail the option to surrender the said Form No. 10AC and apply for registration for AY 2022-23 as an existing trust, institution or fund in Form No. 10A within the extended time provided in paragraph 3(i) i.e. 30.06.2024.

6. Hindi version to follow.

[F.No.173/25/2024-ITA-I]

(Vikas Singh)
Director (ITA-I)

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.