The Ministry of Finance vide its notification dated 26th march 2021 has published the Income-tax (6th Amendment) Rules, 2021 which shall come into force from 1st April 2021.
The Amendment substitutes rule 2c which deals with the Application for a grant of approval of a fund or trust or institution or university or any hospital or other medical institution which shall be made in Form No. 10A in case of application under clause (i) or clause (iv) of first proviso to clause (23C) of section 10 to the Principal Commissioner or Commissioner authorised by the Board; or in Form No. 10AB in case of application under clause (ii) or clause (iii) of first proviso to clause (23C) of section 10 to the Principal Commissioner or Commissioner under the said proviso.
The Application shall be accompanied by self-certified copy of registration with Registrar of Companies or Registrar of Firms and Societies or Registrar of Public Trusts, as the case may be, or if the application is created or established, under an instrument, self-certified copy of such instrument creating or establishing the applicant and self-certified copy of order of rejection of application for grant of approval under clause (23C) of section 10, if any.
Form Nos. 10A or 10AB, as the case may be, shall be verified by the person who is authorized to verify the return of income under section 140, as applicable to the applicant.
On receipt of an application in Form No.10A, the Principal Commissioner or Commissioner, authorized by the Board shall pass an order in writing granting approval under clause (i) or (iii) of the second proviso read with third proviso of sub-section (5) of section 80G in form 10AC and issue a sixteen digit alphanumeric Unique Registration Number (URN).
