The trust or institution which has been in existence for several years but has never been registered under section 12A is also required to use the new Form No. 10A.
• The new Form 10A is used by trusts or institutions that are newly established and applying for registration under section 12A for the first time.
The Central Board of Direct Taxes (CBDT) on Tuesday said that the due date for filing Form 10A, which was to be filed electronically by September 30, 2022, has been extended to November 25 this year, an official statement on Tuesday said. According to.
"In view of the representations received by the Central Board of Direct Taxes (CBDT) and in order to avoid genuine hardship to the taxpayers, the CBDT condones the delay in filing Form 10A till November 25, 2022," the Finance Ministry's official statement said. In respect of certain provisions of section 12A/section 10(23C)/section 80G/section 35 of the Income Tax Act, 1961."
The new Form 10A is used by trusts or institutions that are newly established and are applying for registration under section 12A for the first time. Further, the trust or institution which has been in existence for several years but has never been registered under section 12A, is also required to use the new Form No. 10A.
Meanwhile, 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 up to 31.08.2021 and further extended up to 31.03.2022 by circular number 16/2021. went.
In view of representations received by the Central Board of Direct Taxes (CBDT) and in order to avoid genuine hardship to the taxpayers, CBDT condones the delay in filing Form 10A up to November 25, 2022 in respect of certain provisions of section 12A. / section 10(23C) / section 80G / section 35 of the Income-tax Act, 1961.
Earlier, the Finance Ministry official said that the Central Board of Direct Taxes (CBDT) has extended the due date for filing Form 26Q for the second quarter of the financial year 2022-23.
"Keeping in view the difficulties in filing TDS statement in the revised and updated Form 26Q, the Central Board of Direct Taxes (CBDT) has extended the due date for filing Form 26Q for the second quarter of the financial year 2022-23 from October 31 . , 2022 to November 30, 2022," said a finance ministry release.
Form 26Q is used to file TDS details on payments other than salary.
The form mentions the total amount paid and TDS (tax deducted at source) amount deducted during the quarter. Form 26Q has to be submitted on quarterly basis.
The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officers of the Board also function as a Division of the Ministry in their ex-officio capacity which deals with matters relating to levy and collection of Direct Taxes. do.
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