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CBDT grants further extensions to charitable institutions for complying with charity registration provisions
This Tax Alert summarizes a recent Circular No. 7/2024 (Circular) and Press Release dated 25 April 2024 issued by the Central Board of Direct Taxes (CBDT)[1] wherein the CBDT grants further extension to charitable institutions[2] for complying with registration procedure within extended due date i.e., 30 June 2024 in order to avoid and mitigate genuine hardships faced by the charitable institutions in electronic filing of application. The extension is granted for specified cases of migration of registration from old registration regime to new registration regime and conversion of provisional registration into final under new registration regime.
[1] Apex body of direct tax administration in India [2] Entities which seek to claim benefit of regime of section 10(23C) or section 11 or section 80G of the Income Tax Act, 1961 (ITA).