Significant modifications were made to charitable trust registrations under Section 12AB of the Finance Act 2020, which replaced Sections 12A and 12AA. The validity, due dates, and compliance requirements for trusts under Section 12AB are highlighted in this blog. Additionally, it describes the repercussions of non-compliance and provides practical advice on how trusts might successfully preserve their tax-exempt status.

The Central Board of Direct Taxes (CBDT) has extended the deadline for trusts and charities to file their audit reports (Form 10B/10BB) until November 10, 2024. This extension provides relief to organizations struggling to meet the original deadline of October 31, 2023.

In this blog post, we'll discuss the recent extension of CBTD's registration and provide you with all the essential details you need to know. Whether you're a current or potential registrant, this post will give you insights into the latest updates and changes to CBTD's registration process.