Summary of Circular on clarification regarding provisions relating to charitable and religious trustsdated 24th March, 2023
By kgrgadmin
1. The Extension of due date of Filing of Form 10A and Form 10AB extended to 30.09.2023.
2. Section 115TD not applicable on applications made till such date (i.e.30.09.2023).
3. All pending applications in Form 10AB with CIT(E) considered valid applications and applications rejected earlier solely on account of missing of due date to be considered again.
4. The due date for furnishing of statement of donation in Form No. 10BD and the certificate of donation in Form No. 10BE in respect of the donations received during the financial year 2022-23 to 30.06.2023.
5. It is clarified that the provisional approval or provisional registration shall be effective from the assessment year relevant to the previous year in which the application is made and shall be valid for a period of three assessment years.
6. The statement of accumulation in Form No. 10 and Form No. 9A is required to be furnished at least two months prior to the due date of furnishing return. However, the accumulation/deemed application shall not be denied to a trust as long as the statement of accumulation/deemed application is furnished on or before the due date of furnishing the return.
7. Account payee cheque drawn on a bank or an account payee bank draft on use of electronic clearing system through a bank account included in “electronic modes” in Form 10B and Form 10BB.