Clarification regarding provisions relating to charitable and religious trusts | Circular no. 6/2023 | date-24.05.2023

Written by Ved Mittal

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The circular provides clarification on provisions related to charitable and religious trusts under the Income-tax Act, 1961.

Key points include:
1. Extension of due dates for filing Form No. 10A and Form No. 10AB for existing and new trusts, along with the validity period of registration/approval.
2. Acceptable electronic modes for donations under section 80G of the Act.
3. Extension of due date for furnishing of statement of donation in Form No. 10BD.
4. Applicability of provisional registration and approval for trusts, funds, or institutions.
5. Amendments related to audit report requirements and the filing of Form No. 10 and Form No. 9A.
6. Denial of exemption in case the statement of accumulation is not filed by the due date.