Hurry!!! Do not miss to file income tax return and forms of your charitable organisation for FY 2021-22 in time.
As per Income Tax Act, Income Tax Return in Form ITR-7 for FY 21-22 has to be filed by a charitable organisation not later than 31st October 2022 which is the due date of filing return failing which the benefit of tax exemption on income would not be available. Please remember that from FY 2021-22, computation of income and application has to be made on cash basis as prescribed by authorities.
If there is deemed application for one year or accumulation of income for 5 years opted by you for FY 2021-22, Form 9A or Form 10 as the case maybe should have already been filed by your organization and Audit Report by your statutory auditor should have been submitted by 30th September 2022 which was the due date.
Please have your login credentials handy and do not share with anyone and also do not forget to check any proceedings or tasks that maybe required to be completed on the Income Tax portal so that compliance is up to date always. Please reach out to Team Saathi for any support or guidance.