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Core Purpose

Notification of the Income-tax Amendment (Seventh Amendment) Rules, 2024, revising Form No. 10A and Form No. 10AB used for registration/approval applications under sections 12A, 10(23C) and 80G of the Income-tax Act, 1961.

Detailed Summary

By G.S.R. 638(E) dated 15th October 2024, the Central Board of Direct Taxes, exercising powers under section 295 read with sub-clauses of clause (ac) of sub-section (1) of section 12A, the first and second provisos to clause (23C) of section 10, and clauses of the first proviso to sub-section (5) of section 80G of the Income-tax Act, 1961 (43 of 1961), notified the Income-tax Amendment (Seventh Amendment) Rules, 2024, deemed to have come into force from 1st October 2024, amending the Income-tax Rules, 1962. The amendments modify Appendix-II Form No. 10A and Form No. 10AB, both used for applications for registration/approval of trusts, societies and non-profit companies under sections 12A, 10(23C) and 80G: removing certain now-obsolete section codes ('2C', '03/04/05/06', '07/08/09/10') from headings and dropdown tables, revising the verification/declaration text to be signed by an authorised applicant confirming PAN details and competence to file, updating the table describing registration particulars under section 10(23C) clauses (iv)/(v)/(vi)/(via), and substituting the list of documentary requirements for Section code '02' (and consolidating it with codes '1' and '11') to include self-certified copies of the constituting instrument, Registrar of Companies/Firms and Societies/Public Trusts registration, Foreign Contribution (Regulation) Act, 2010 (42 of 2010) registration (if applicable), prior years' annual accounts (up to three years), and section 44AB audit reports where applicable. Notification No. 111/2024 (F.No.370142/20/2024-TPL) is signed by Sourabh Jain, Under Secretary, with an Explanatory Memorandum certifying that no person is adversely affected by the retrospective effect. The principal Income-tax Rules, 1962 were published vide S.O. 969(E) dated 26th March 1962 and last amended vide G.S.R. 309(E) dated 4th June 2024.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15102024-257885 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 582] NEW DELHI, TUESDAY, OCTOBER 15, 2024/ ASHVINA 23, 1946 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th October, 2024 G.S.R.638(E).—In exercise of the powers conferred by section 295 read with sub-clauses (i), (ii), (iii), (iv), (v) and (vi) of clause (ac) of sub-section (1) of section 12A, first and second provisos to clause (23C) of section 10, clauses (i), (ii), (iii) and (iv) of the first proviso to sub-section (5) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income- tax Rules, 1962, namely:- 1. Short title and commencement: - (1) These rules may be called the Income-tax Amendment (Seventh Amendment) Rules, 2024. (2) They shall deemed to have come into force from the 1st day of October, 2024. 2. In the Income-tax Rules, 1962, in Appendix-II,- (a) in Form No. 10A,– (i) in the heading, the figure, letter and word "2C or " shall be omitted; (ii) below the table and before the heading "Notes to fill Form No. 10A", for the portion beginning with the words and figures “I, son/daughter of” and ending with the words and brackets “(strike whichever is inapplicable)", the following shall be substituted, namely:- "I son/daughter of hereby declare that the details given in the form are true and correct to the best of my knowledge and belief. I undertake to communicate forth with any alteration in the terms of the trust/society/nonprofit company, or in the rules governing the Institution, made at any time hereafter. I also declare that I am filing this form in my capacity as (designation) having permanent account number (PAN) and that I am competent to file this form and verify it. Date: Signature (Applicable only for section code 2)" I further undertake that I am applying for registration under the section code 2 and the activities of the (Name of the institution, trust or fund) having permanent account number (PAN) have not commenced on or before the date of making this application. Date: Signature."; (iii) Under the heading "Notes to fill Form No 10A", - (I) for the serial number 2, the following shall be substituted, namely:- "2. Application for registration under section 12A/80G select one of the following code in row 2: +----+---------------------------------------------------------+------+ | No | Description | Code | +====+=========================================================+======+ | 1 | Sub-clause (1) of clause (ac) of sub-section (1) of section 12A | 01 | +----+---------------------------------------------------------+------+ | 2 | Item (A) of sub-clause (vi) of clause (ac) of sub-section (1) of section 12A | 02 | +----+---------------------------------------------------------+------+ | 11 | Clause (1) of first proviso to sub-section (5) of section 80G | 11 | +----+---------------------------------------------------------+------+ | 12 | Sub-clause (A) of clause (iv) of first proviso to sub-section (5) of section 80G | 12 | +----+---------------------------------------------------------+------+ (II) in serial number 7, in the table, for entries at Relevant Law/Portal "Registration u/s 10(23C) clause (iv)/(v)/(vi)/(via) of Income-tax Act, 1961", the following shall be substituted, namely:- +-------------------------------------------------------------+------+-----------+-------------------------------------+------------+-----------------------------------------------------------------------+---------------------------------------------------------------------+ | Relevant Law/Portal | Code | Mandatory | Number of Order Granting Approval | Date of Order | Jurisdiction Details of Authority Granting Registration | First Date of Previous Year from which Approval is Effective | +=============================================================+======+===========+=====================================+============+=======================================================================+=====================================================================+ | Registration u/s 10(23C) clause (iv)/(v)/(vi)/(via) of Income-tax Act, 1961 | 02 | Mandatory | Number of Order granting approval | Date of Order | Jurisdiction details of the Income-tax Authority which granted the registration is to be provided | First date of the previous year from which the approval is effective | +-------------------------------------------------------------+------+-----------+-------------------------------------+------------+-----------------------------------------------------------------------+---------------------------------------------------------------------+ (III) in serial number 10.,- (A) in item (a), the figures and word “07/08/09/10 or" shall be omitted; (B)in item (b), the figures ", 03/04/05/06” shall be omitted; (IV) in serial number 12, in the table,- (A) for Section code 02 and entries relating thereto, the following shall be substituted, namely:- "02 • where the applicant is created, or is established, under an instrument, self-certified copy of the instrument; • where the applicant is created, is established, otherwise than under an instrument, self-certified copy of the document evidencing the creation or establishment of the applicant; • self-certified copy of registration with Registrar of Companies or Registrar of Firms and Societies or Registrar of Public Trusts, as the case may be; • self-certified copy of registration under Foreign Contribution (Regulation) Act, 2010 (42 of 2010), if the applicant is registered under such Act; • where the applicant has been in existence during any year or years prior to the financial year in which the application for registration is made, self-certified copies of the annual accounts of the trust or institution relating to such prior year or years (not being more than three years immediately preceding the year in which the said application is made) for which such accounts have been made up; • where a business undertaking is held by the applicant as per the provisions of sub-section (4) of section 11 and the applicant has been in existence during any year or years prior to the financial year in which the application for registration is made, self-certified copies of the annual accounts of such business undertaking relating to such prior year or years (not being more than three years immediately preceding the year in which the said application is made) for which such accounts have been made up and self- certified copy of the report of audit as per the provisions of section 44AB for such period; • self-certified copy of order of rejection of application, for grant of registration under section 12A or section 12AA or section 12AB or the approval under section 10(23C), as the case may be, if any;"; (B)Section code “03/04/05/06" and entries relating thereto, shall be omitted; (C)Section code "07/08/09/10" and entries relating thereto, shall be omitted; (D) for Section code "1, 3, 4, 5, 6, 11" and entries relating thereto, the following shall be substituted, namely:- "1, 11 • Self-certified Affidavit where the applicant does not have earlier issued registration or approval certificate.". (b) in Form No. 10AB,– (i) in the heading, the figure, letter and word "2C or " shall be omitted; (ii) below the table and before the heading "Notes to fill Form No. 10AB", for the portion beginning with the words and figures “I son/daughter of" and ending with the words and brackets "(strike whichever is inapplicable)", the following shall be substituted, namely:- "I son/daughter of hereby declare that the details given in the form are true and correct to the best of my knowledge and belief. I undertake to communicate forth with any alteration in the terms of the trust/society/non-profit company, or in the rules governing the Institution, made at any time hereafter. I further declare that I am filing this form in my capacity as (designation) having permanent account number (PAN) and that I am competent to file this form and verify it. Date: Signature (Applicable only for section code 4A) I further undertake that I am applying for registration under the section code 4A having commenced activities on dd/mm/yyyy and also that no income or part thereof of the (Name of the institution, trust or fund) having permanent account number (PAN) has been excluded from the total income on account of applicability of sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 or section 11 or 12 for any previous year ending on or before the date of making this application on dd/mm/yyyy, at any time after the commencement of such activities. Date: Signature."; (iii) Under the heading "Notes to fill Form No. 10AB", in serial number 2, in the table, the numbers 5, 6, 7, 8, 9, 10, 11, 12, 12A, 12B, 12C, 12D and the entries relating thereto, shall be omitted. [Notification No. 111/2024/ F.No.370142/20/2024-TPL] SOURABH JAIN, Under Secy. Explanatory Memorandum: This amendment is effective from 1st day of October, 2024. Accordingly, it is hereby certified that no person is being adversely affected by giving retrospective effect to these rules. Note. - Principal rules were published in the Gazette of India, Extraordinary, PartII, section 3, sub-section (ii), vide notification number S.O. 969(E), dated the 26th March, 1962 and was last amended vide notification number G.S.R. 309(E), dated 4th June, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA Date: 2024.10.15 14:54:26+0530

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