Audit deadline extended, new NPO formats & more

To help you stay ahead of compliance changes and get quick answers, we've created a WhatsApp group for the community. Here's a look at some recent topics.

From the community:

  • A member asks if 'Corpus' can be used as the purpose when filing Form 10, or if a more specific purpose is needed. View discussion
  • An organization's application for permanent 12A & 80G registration was rejected. See the community's advice on what to do next. View discussion
  • A question seeking clarity on the differences and application processes for 12A, 12AA, and 12AB registrations. View discussion

Recent Updates:

  • The due date for filing audit reports in Form 10B/10BB for FY 2024-25 has been officially extended. View update
  • ICAI has shared a standard financial statement format for NPOs, which is recommended for use starting this financial year. View format
  • CBDT has extended the timeframe to process certain invalid ITRs, offering relief for returns rejected by CPC. View update

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Written by

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