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CBDT has issued Circular No. 6 dated 24.05.2023 providing some big reliefs to Charitable and Religious Trusts. These are being explained in a quick, and an easy to understand manner below:

1.The due date for furnishing the application in Form 10A by the charitable or religious trusts and institutions for re-registration/approval has been extended from 25.11.2022 to 30.09.2023. [So a very big relief from addition u/s 115TD to the extent of accumulated networth of trust].

2.The due date for furnishing application for regular registration/approval by provisionally registered/approved trusts or institutions in Form 10AB has also been extended from 30.09.2022 to 30.09.2023 for registration under section 10(23C) and 12AB of the Income-tax Act, 19.