Preponment of the Time limit to file Form 9A and Form10

Current Position:

 Minimum 85% has to be spent

 Shortfall in application –

 Option to spend in subsequent year in the year of receipt : Form 9A

 Accumulation for 5 years : Form 10

 Present time line of submitting Form 9A & 10 is within the due date of furnishing of return.

Proposed Amendment [From AY 2023-24]:

 Form 9A/10 shall be filed at least two months prior to the due date specified under Section 139(1) for furnishing the return of income for the previous year.

 This means if 31st October is the due date of submitting of return, then 31st August is the deadline of submitting Form 9A & 10