Re-registration of Charitable Trust already registered u/s 12AA & 80G of Income Tax Act
1. Re-registration u/s 12A/12AB
Charitable Institution needs to apply for re-registration in FORM 10A on or before 30-6-2021
a) If re-registration application is made within prescribed time
i) Charitable Institution will be registered for a period of 5 years from 1/4/2021 and will be granted registration certificate in FORM 10AC, along with 16 digit alphanumeric Unique Registration Number (URN)
ii) If FORM 10A is not properly filled or some false or incorrect information is furnished, PrCIT or CIT, may cancel the registration later on.
b) If re-registration application is not filed within the prescribed time- Charitable Institution will not be able to avail exemption u/s 11 for PY 21-22. In order to avail exemption u/s 11 for PY 22-23, charitable institution needs to apply for registration in FORM 10AB, at least one month before 31-3-2022.
2. Re-Registration u/s 80G
Charitable Institution needs to apply for re-registration in FORM 10A on or before 30-6-2021
a) If re-registration application is made within prescribed time
iii) Charitable Institution will be registered for a period of 5 years from 1/4/2021 and will be granted registration certificate in FORM 10AC, along with 16 digit alphanumeric Unique Registration Number (URN)
iv) If FORM 10A is not properly filled or some false or incorrect information is furnished, PrCIT or CIT, may cancel the registration later on.
b) If re-registration application is not filed within the prescribed time- Donor will not be able to get deduction u/s 80G in respect of donation given
3. Procedure for Filing FORM 10A/10AB
i) FORM is to be filed online under digital signature, if ITR is to be furnished under Digital signature or else through electronic verification code
ii) FORM is to be verified by the person , who is authorized to verify the ITR u/s 140
iii) For registration u/s 12A/12AB and 80G separate FORM 10A is to be filed
4. Other Aspects
a) In respect of donation received in PY 21-22 and onwards, Every charitable institution is required to furnish donation detail in FORM 10BD in online mode, on or before 31st May immediately following the financial year in which donation is received
b) Further, in respect of donation received, such charitable institution is required to give certificate in FORM 10E, , on or before 31st May immediately following the financial year in which donation is received. Such certificate is to be downloaded online. Without such certificate, donor will not be entitled to claim deduction u/s 80G
