AY 2023-24
In case your NPO has still not filed Audit Report in Form 10B/10BB for AY 2023-24 (i.e. FY 2022-23), which was required to be filed by 31-3-2024, can breathe easy and file the same by 10th November 2024. CBDT has come out with a notification extending the date. You can access the notification by clicking here, It seems that this is applicable to all those, who have not filed the Audit Report or filed in the wrong format, and are required to file the same in correct format.
Choose Correct Form
A number of NPOs made mistake in choosing the correct Form. Please re-check, and if incorrect Form has been filed, you can still file the correct Form.
Form 10B to be filed if anyone of the following conditions is satisfied:
- NPO’s Total income during the PY (without giving effect to S.10(23C), S.11 or S.12) exceeds Rs 5 crores.
- If NPO has received any foreign contribution during the PY.
- If the NPO has applied any part of the income outside India during the PY.
For all other cases latest Form No.10BB should be used.
For more details, please refer to Rule 16CC / Rule 17B of IT Rules.
AY 2024-25
It may be noted that for AY 2024-25 (i.e. FY 2023-24), the date for filing these documents was 30th September 2024. Hope the same has been complied with.
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