Organizations who have submitted wrong Form 10B/ 10BB on or before 31st October 2023 for AY 2023-24 can submit Revised Form 10B/ 10BB as applicable by 10-Nov-2024
As per CBDT Order dated 7-Oct-2024, those who could not avail the benefit of the CBDT Circular No. 2/2024 dtd. 05-Mar-2024 which provided a relief to the Institutions where Audit Report had been uploaded on or before 31st October 2023 for AY 2023-24 but wrong Form had been used i.e. Form 10B has been used in place of Form 10BB or vice versa.
In exercise of the power conferred u/s 119 of Income Tax Act, 1961, it is provided that such Trust/ institution can submit a fresh Form 10B/ 10BB as applicable to them latest by 10-Nov-2024 and such submission of fresh audit report in Form 10B/ 10BB shall be considered to be submitted on time.
CBDT Order attached herewith for your reference.
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