The Central Board of Direct Taxes (CBDT) on 1st November 2022, with a view to avoid genuine hardship to taxpayers, has condoned the delay in filing of Form 10A up to 25th November, 2022 in respect of certain provisions of section 12A / section 10(23C) / section 80G / section 35 of the Income-tax Act, 1961.
As per the provisions of the Income-tax Act, 1961, Form 10A was required to be filed electronically by 30.06.2021, which was extended to 31.08.2021 and further extended to 31.03.2022 .
Form 10A is used by a charitable or religious trust for applying and obtaining 12A registration. NGOs and Charitable Trusts enjoy benefits such as Tax exemption under section 12A which allow them a relief to not pay taxes if they work for the welfare of the society and do not profit from their earnings. Once an organisation like an NGO or a charitable trust is formed, it must register under Section 12A to be eligible for the exemption.