CBDT notifies new procedure for approval of fund or trust or institutions and application for registration of charitable or religious trusts

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CBDT vide Notification No. 19/2021 dated 26th March 2021, notifies new Income Tax Rules & Forms for approval of Fund or Trust or Institutions and application for registration & re-registration of charitable or religious trusts, which is going to be applicable from April 01, 2021.

New procedure for approval of fund or trust or institutions and application for registration of charitable or religious trust

All the existing Trusts or Institution registered u/s. 10(23C) / 12A / 80G have to re-register with the Income Tax Department. New rules and forms going to be applicable w.e.f. 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 re-approval/re-validation of their registration before 30th June, 2021. Renewed registration will be valid for a period of five years. 

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 immediately following the financial year in which the donation is received.

Vide notification 19/2021, in the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), for rule 2C, revised rule 2C substituted for Application for the purpose of grant of approval of a fund or trust or institution or university or any hospital or other medical institution under clause (i) or clause (ii) or clause (iii) or clause (iv) of first proviso to clause (23C) of Section 10

Rule 5C & 5F in the Income-tax Rules, 1962 amended and rule 5CA inserted  after rule 5C. Rule 11AA substituted with rule 11AA . Requirement for approval of institution of fund under clause (vi) of sub-section (5) of section 80G.

Rule 17A substituted with Rule 17A Application for registration of charitable or religious trusts etc.

In the principal rules, after rule 18AAAAA, rule 18AB shall be inserted, i.e. “18AB. Furnishing of Statement of particulars and certificate under clause (viii) and clause (ix) of sub-section (5) of section 80G or under sub-section (1A) of section 35.

Read CBDT Notification No. 19/2021 dated 26th March 2021:


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