One more chance for institutions that may have missed re-validating their tax exemption & tax deduction certificates

The Central Board of Direct Taxes (CBDT) has provided yet another opportunity to organizations that may have failed to revalidate their tax exemption [under section 12A or 10(23C)]and tax deduction certificates [80G or 35(1)] in online Form No. 10A by the earlier due date of 31st March 2022.

As per the provisions of the Income-tax Act, 1961, Form 10A was originally required to be filed electronically by 30th June 2021 but later extended to 31st August 2021 and further extended to 31st March 2022.

Vide Circular No. 22/2022 dated 1st November 2022 CBDT has condoned the delay in filing Form No. 10A for which the earlier extended due date was 31.03.2022. Organizations that may have missed the due date have until 25th November 2022 to file online Form 10A and re-validate their tax exemption u/s 12A. 

Organizations that have complied with this requirement by 31st March 2022 need do nothing more. However, if you know of organizations which have missed the earlier deadline, please let them know of this opportunity.

Tax exemption and tax deductions certificates now have a validity of five years and can be renewed,

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