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DIRECT TAX: SPOTLIGHT
1. Condonation of delay in filing Form No. 10AB electronically for approval under clause (ii) of the first proviso to section 80G(5) of the Income-tax Act, 1961 — reg– Circular No. 6/2026 dated 7 Jully 2026
Certain funds and institutions whose approval under first proviso to section 80G(5)(ii) was expiring on 31 March 2026 could not furnish Form No. 10AB for seeking renewal of approval within the due date of 30 September 2025.
The delay in filling Form No. 10AB, where the prescribed application in Form No.10AB has been furnished electronically between 1 October 2025 to 31 March 2026 has been condoned. Further, where an application in Form No. 10AB filed electronically between 1 October 2025 to 31 March 2026 has been rejected as on date of issue of this circular solely on the ground that it was furnished beyond the prescribed time limit of 30 September 2025, the delay shall be deemed to have been condoned. The jurisdictional Principal Commissioner or Commissioner of Income-tax are authorized to dispose of such applications on merits and pass an order on or before 31 December 2026.
2. Cost Inflation Index for financial Year 2026-27 is 384. - Notification No. 85 of 2026 dated 15 July 2026
3. Protocol amending the Agreement
