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CBDT extends reregistration date of charitable and religious trusts to October 1
May, 13th 2020

The Central Board of Direct Taxes (CBDT) has extended the period of reregistering charitable and religious trust under the Finance Act, 2020 to October 1. In view of the unprecedented humanitarian and economic crisis, the CBDT decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to October 1, 2020.

Accordingly, the entities approved/registered/notified under section 10(23C), 12AA, 35, and 80G of the Act will be required to file intimation within three months from October 1 -- by December 31, 2020.

CBDT said in a statement concerns over the implementation of new procedure from June 1 were raised due to coronavirus pandemic and subsequent lockdown. The Finance Act, 2020 rationalised the procedure relating to approval/registration/notification of certain entities referred to in sections 10(23C), 12AA, 35, and 80G of the Income-Tax Act, 1961. As per the new procedure, the entities already approved/registered/notified under these sections would be required to file intimation by August 31. Further, the procedure for approval/ registration/ notification of new entities has also been rationalized with effect from 1st June, 2020.

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