Re-approval of existing tax exemption registration and tax deduction certificate from 1st April 2021
Central Board of Direct Taxes (CBDT) has issued Notification no. 19/2021 dated 26th March 2021 pertaining to procedure for registration including reapproval/revalidation of existing tax exemption registrations and tax deduction certificates. Reporting of donations received and issue of donation certificates has also been introduced.
The Notification can be read/downloaded at:
https://www.incometaxindia.gov.in/communications/notification/notification_19_2021.pdf
Date of effectiveness
The new Rules and Forms will be applicable from 1st April 2021 and all charitable trusts and institutions already registered u/s 12A or 12AA or 10(23C) and having 80G certificate must apply for reapproval/revalidation of their registration before 30th June 2021.
Procedure for re-approval of tax exemption
Charitable trusts and institutions already registered u/s 12A or 12AA must reapply in Form No.10A anytime between 1st April to 30th June 2021. The renewed registration will be valid for a period of five years.
The application must be submitted electronically (online) and verified digitally along with the following documents (duly self-certified):
- Registration Certificate or Certificate of Incorporation (issued by charity commissioner, registrar of societies or registrar of companies)
- Trust deed or Memorandum and Articles of Association
- Registration Certificate under FCRA (if applicable)
- Registration order under 12A/12AA (issued earlier by Income tax)
- Audited statements of account for the last three financial years
- Note on the activities of the institution
- Registration under NGO Darpan
- Details of asset/liabilities as on the date of application (if applicable)
Procedure for re-approval of tax deduction certificate u/s 80G
Charitable trusts and institutions already having 80G certificate must reapply in Form No.10A (the same as for reapproval of 12A/12AA registration) anytime between 1st April to 30th June 2021. The renewed registration will be valid for a period of five years.
The application must be submitted electronically (online) and verified digitally along with the following documents (duly self-certified):
Reporting and Certificate of donations
Starting 1st April 2021, all charitable institutions which are approved under section 80G shall be required to furnish a statement of donations received during a financial year 2021-22. This statement of donations must be furnished electronically and verified digitall in Form 10BD on or before 31st May 2022
The form requires providing the following details:
- Name, address & PAN of the donor
- Type of donation (corpus, grant, general, etc.)
- Amount of donation
- Mode of receipt (cheque, electronic, cash, kind)
From 1st April 2021, all charitable institutions which are approved under section 80G shall also be required to furnish to the donor a certificate of donations received during a financial year. This certificate will have to be generated electronically (and verified digitally) in Form 10BE on or before 31st May 2022