1. Mandatory Re-registration under New Regime:
Trusts registered under the old regime were required to apply for registration or approval under the new regime by June 30, 2021.
2. Renewal of Registration Requirement:
Trusts approved or registered for a period of five years must apply for Renewal of Registration at least six months prior to the expiry of the five-year term.
3. Deadline for Renewal for 2021-Registered Trusts:
Trusts that registered in 2021, covering Assessment Years 2022-23 to 2026-27, are approved up to March 31, 2026.
4. Such trusts must file for Renewal of Registration using Form 10AB by the latest date of September 30, 2025, to continue claiming exemptions for the subsequent five years.
As the Tax Audit deadline in September 2025 will coincide with the renewal application deadline, it is highly advisable for trusts to utilize the period up to March 2025 to complete the renewal process.
