• Notification Date: 12-11-2022
• Notification No: N/A

Income Tax Department announces Outreach Programme regarding filing Form 10A

The Central Board of Direct Taxes (CBDT) has approved delay in filing form 10A up to Nov 25, 2022. The new declaration has been made under certain provisions of Sections 12A/10(23C)/80G/35 of the Income Tax Act, 1961. An outreach programme has been organized by the Exemption wing of Income Tax Department, Vejalpur, Gujarat on Friday. The members of Chartered Accountants Associations, Income Tax Bar Association and other dignitaries were involved in the meeting.

Under the provisions of the Income Tax Act, the deadline for electronically filing Form 10A was June 30, 2021. But the period was extended till August 31, 2022, and further to March 31, 2022.

The extension in the deadline of filing the form was approved by the CBDT after receiving affirmative representations from the members. It was decided with a view of avoiding genuine hardships faced by the taxpayers. Considering the difficult situation, the CBDT condoned the delay. The Finance Ministry declared the statement of approval.   

The Commissioner of Income Tax Department, Rajesh Kumar stated that the Finance Act 2020 and 2021 has brought a new regime for the registration of the charitable institutions. According to the new regime, it is compulsory for all the charitable organisations that were previously registered under Sections 12AB/80G/10(23C)/35(1) to file an application electronically within March 31, 2022.   

The new tax regime will have a limited validity period of five years. The old registrations have become redundant from April 1, 2021. The old section 12A has been replaced by the new one, namely, Section 12AB. It was mandatory for all the charitable institutions, including the existing ones to apply freshly for registrations in Form 10A under the new provisions of Section 12AB of the Act within the deadline of March 31, 2022.