Clarification regarding provisions relating to charitable and religious trusts

Central Board of Direct Taxes (CBDT) on 24^th May, 2023 issued circular regarding clarification of amended provisions relating to charitable and religious trusts. The circular provide clarification regarding application of section under the act for failure to apply to registration/approval, extension of due date for furnishing of Form no. 10BD, clarification regarding applicability of provisional registration, denial of exemption in case where the statement of accumulation if not filed by the due date and regarding audit report to be furnished in Form no. 10B.