<h1>Deadline Extended for Trusts to Submit Correct Audit Forms for Tax Exemption; New Date: March 31, 2024.</h1> The Central Board of Direct Taxes (CBDT) has extended the deadline for certain trusts and institutions to submit their audit reports in the correct Form No. 10B or 10BB until March 31, 2024. This extension applies to cases where the wrong form was submitted for the assessment year 2023-24, potentially jeopardizing their tax exemption status under the Income-tax Act, 1961. Initially, these entities had until October 31, 2023, to submit the correct form. The extension aims to prevent tax demands resulting from the denial of exemptions due to incorrect form submissions.