The Central Board of Direct Taxes (CBDT) has announced the Seventh Amendment Rules, 2024, to the Income-tax Rules, 1962. These rules retrospectively revise Form 10A and Form 10AB for registration under sections 12A/80G and 10(23C) effective from October 1, 2024.
These changes aim to simplify the registration process for charitable institutions, trusts, and non-profit organizations under sections 12A and 80G of the Income-tax Act.
The amendments have streamlined the categorization of forms submitted under various codes and clarified the information required for registration applications under sections 12A, 10(23C), and 80G.
Additionally, the declaration section of the forms has been revised so that declarations about the non-commencement of activities apply only to applicants who applied for registration before starting their charitable activities.
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