Last updated: August 29th, 2024 3:56 PM

Renewal registration of trust/ institution

The Central Board of Direct Taxes, vide notification no. 19/2021 dated 26^th March 2021, came up with the Income Tax (6^th Amendment) Rules, 2021. The said amendment rules substituted rule 2C relating to filing of an application for grant of approval of a fund/ trust/ institution. The substituted rule prescribes filing of an application for re-registration of an already existing trust/ institution. The current article tries to explain the new provisions governing re-registration; steps to be followed for applying in Form 10A; a list of documents required to be furnished while filing an application in Form 10A and Filing of Form 10BD.

New provisions governing re-registration of trust/ institution-

The new provisions state as under-

• Charitable trusts/ institutions already registered under section 12A or section 12AA or section 10(23C) and having section 80G certificate needs to obtain re-registration by applying in Form 10A.
• The application in Form 10A is to be done within a period of 1^st April 2021 to 30^th June 2021.
• The re-registration so obtain will remain valid for a period of five years.

Steps to be followed for online re-registration of trust/ institution-

The trust/ institution needs to follow the below steps for filing Form 10A online- STEP 1